Northwest Bancshares Inc MD Rises On Unusually High Volume (NWBI)

NEW YORK ( TheStreet) -- Northwest Bancshares Inc MD (Nasdaq: NWBI) is trading at unusually high volume Tuesday with 2.2 million shares changing hands. It is currently at four times its average daily volume and trading up 26 cents (+2.1%) at $12.45 as of 1:43 p.m. ET.

Northwest Bancshares Inc MD has a market cap of $1.3 billion and is part of the financial sector and banking industry. Shares are up 3.5% year to date as of the close of trading on Monday.

Northwest Bancshares, Inc. operates as the holding company for Northwest Savings Bank that offers various banking and consumer finance services. The company has a P/E ratio of 21.3, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northwest Bancshares Inc MD as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Northwest Bancshares Inc MD Ratings Report.

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