Street Calls of the Week
Investing.com - Truist Securities initiated coverage on Northwest Bancshares, Inc. (NASDAQ:NWBI) with a Buy rating and a $15.00 price target on Friday. According to InvestingPro data, 4 analysts have recently revised their earnings estimates upward for the upcoming period, suggesting growing confidence in the company’s prospects.
The price target implies a potential 27% total return over the next twelve months for the small-cap Midwest bank, which has $17 billion in assets and a current market capitalization of $1.82 billion. The bank’s revenue has shown strong momentum, growing 14.22% over the last twelve months.
Truist Securities highlighted Northwest Bancshares’ ongoing transition from a thrift-like balance sheet to a commercial bank model, noting the company has assembled a new management team in recent years with experience running larger organizations.
The firm pointed out that Northwest Bancshares currently trades at 1.25 times tangible book value with a 6.5% dividend yield.
Northwest Bancshares is based in the Midwest region and operates as a bank holding company with approximately $17 billion in assets. The company currently trades at an attractive P/E ratio of 11.1x, suggesting potential value for investors.
In other recent news, Northwest Bancshares reported impressive financial results for Q2 2025, exceeding market expectations. The company announced earnings per share of $0.30, which surpassed analysts’ forecasts of $0.28 by 7.14%. Additionally, Northwest Bancshares achieved revenue of $150.38 million, outperforming the anticipated $148.67 million. In other developments, Northwest Bank has appointed Matthew Bower as the managing director of wealth management, a newly established role. Bower will lead a team of over 100 associates, focusing on enhancing the bank’s private banking and investment management services. Furthermore, Chad Wheeler has been named managing director and treasurer, where he will manage the bank’s treasury functions, including interest rate management and regulatory compliance. Wheeler brings extensive experience from his previous role at Fulton Bank. These recent developments highlight Northwest Bank’s strategic efforts to strengthen its leadership team and financial performance.
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