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NEW YORK (TheStreet) -- Banks come in all kinds of sizes and stripes. Northwest Bancshares (NWBI) - Get Northwest Bancshares, Inc. Report is one name that looks attractive on a technical basis.

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In this chart of NWBI, above, we can see a bottom in the first quarter. Prices rallied nicely above the 50-day and 200-day moving averages with a golden cross (the 50-day rallying above the 200-day). The On-Balance-Volume (OBV) line is rising and the Moving Average Convergence Divergence (MACD) oscillator is positive.

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The longer-term view of NWBI above is all positive. Prices are going up and they are above the rising 40-week moving average. The OBV is rising and the MACD oscillator is positive. We're sold. Go long NWBI and buy more if it can break out over $15. Use a sell-stop at $12.75 for now.

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TheStreet Recommends

TheStreet Ratings team rates NORTHWEST BANCSHARES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

We rate NORTHWEST BANCSHARES INC (NWBI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 12.8%. Since the same quarter one year prior, revenues slightly increased by 5.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for NORTHWEST BANCSHARES INC is currently very high, coming in at 82.55%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, NWBI's net profit margin of 12.97% significantly trails the industry average.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • NORTHWEST BANCSHARES INC's earnings per share declined by 31.6% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, NORTHWEST BANCSHARES INC reported lower earnings of $0.68 versus $0.73 in the prior year. This year, the market expects an improvement in earnings ($0.71 versus $0.68).
  • You can view the full analysis from the report here: NWBI

Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.