E Daily Stock Pick: Northwest Bancshares

This week, I'm looking for the fourth financial services representative of seven for my Ivy portfolio.

That financial services sector includes six industries all Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

Today I'm reviewing a small-cap savings and cooperative bank named Northwest Bancshares Inc. Its trading ticker symbol is NWBI.

Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and community-oriented financial institution offering personal and banking business solutions, investment management, and trust services and insurance products.

It also offers consumer finance loans through a wholly owned subsidiary. The bank's loan portfolio segment consists of personal banking and business banking loans. Personal banking includes residential mortgages, home equity loans, and other consumer loans.

Business banking loans consist of commercial real estate loans and commercial loans. Net interest income is the company's primary contributor to revenue.

As of January 22, 2019, it operated 162 full-service community-banking offices and 10 freestanding drive-through facilities in Pennsylvania, New York, and Ohio.

Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Warren, Pennsylvania.

I use three key data points to gauge the value of any dividend equity-like Northwest Bancshares Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

NWBI Price

Northwest's price per share closed at $17.08 yesterday. A year ago its price was $16.69. The price rose $0.39 or 2.3% in the past year.

Assuming Northwest's stock trades in the range of $14 to $18 this year, Northwest's recent $17.08 price could rise by $0.92 and go to $18.00 by early-April, 2020.

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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts

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