NWBI Northwest Bancshares, Inc.

BULLISH Impact: 2/10 ANALYST-UPGRADE
Processed 29d 13h ago SEC analyst-NWBI-truistse-20251010
Truist Securities initiates coverage on NWBI at Buy
Final — all horizons settled through T+60d
NWBI ▲ +1.61% at T+60d
LONG call ✓ call won +1.61% · α vs SPY -3.98% · entry $11.55 → $11.73
Last close $14.80 (close Jun 12) · +28.19% from $11.55 entry
Entry anchored
Oct 9, 03:59 PM ET
via Databento tick
T+1d
+0.66%
call +0.66% · α -0.86%
$11.62
settled 8mo ago
T+5d
+0.08%
call +0.08% · α -1.61%
$11.55
settled 8mo ago
T+20d
-1.42%
call -1.42% · α -3.57%
$11.38
settled 7mo ago
T+60d
+1.61%
call +1.61% · α -3.98%
$11.73
settled 5mo ago

Price Chart

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Executive Summary

Truist Securities initiated coverage on Northwest Bancshares (NWBI) with a Buy rating and $15 price target, implying 10.9% upside from the current $13.52. The firm's 55% accuracy on 3,795 calls and average 3.1% return gives it moderate credibility. Consensus is split: 6 Buy/Strong Buy vs 8 Hold, with no Sells — Truist aligns with the bullish minority. Mean and median PT both sit at $15, matching Truist's target. EPS revisions are trending up over the past 30 days (5 up vs 2 down for next quarter, 7 up vs 0 down for current year). Insider buying clusters around May 1 ($118k combined from three officers) aligns with the bullish call, while short interest remains elevated at 70.4% of volume. Institutional flows are mixed: Bank of America trimmed, but Wells Fargo, Two Sigma, and Morgan Stanley added. The initiation adds a fresh bullish voice to a stock with improving fundamentals and insider confidence, but the high short ratio warrants caution.

Impact Score

Base Score
1/7
LLM Adjustment
+1
Final Score
2/10

Consensus & Targets

Buy / Strong Buy
6 (43%)
Hold
8
Sell / Strong Sell
0
Total Analysts
7
Mean PT
$15.00
Median PT
$15.00
High PT
$16.00
Low PT
$14.00
Current Price
$13.52
Implied Upside
+10.9%

Full consensus: 2 Strong Buy, 4 Buy, 8 Hold, 0 Sell, 0 Strong Sell (14 analysts total). 57% of analysts rate NWBI a Hold, while 43% are bullish. No bearish ratings exist, indicating a moderately cautious consensus.

Mean and median PT both $15, high $16, low $14. Current price $13.52 implies 10.9% upside to the mean. Truist's $15 PT is exactly in line with the consensus mean.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-29 DA Davidson maintain Neutral
2026-04-29 Keefe, Bruyette & Woods maintain Market Perform
2026-01-28 DA Davidson maintain Neutral $13.00
2025-10-10 Truist Securities initiate Buy $15.00
2024-12-04 Keefe, Bruyette & Woods maintain Market Perform $15.00
2024-04-23 Keefe, Bruyette & Woods reiterate Market Perform $12.00
2024-04-23 Piper Sandler maintain Underweight $10.00
2024-01-23 Keefe, Bruyette & Woods maintain Market Perform $13.00
2023-04-06 Keefe, Bruyette & Woods maintain Market Perform $12.00
2022-09-29 Janney Montgomery Scott initiate Neutral $15.00

Zero upgrades or downgrades on NWBI in the past 30 days. EPS revisions are positive: 30-day revisions show 5 up vs 2 down for next quarter and 7 up vs 0 down for the current fiscal year. Estimates are being revised higher across all periods.

Firm Track Record — Truist Securities

Truist Securities accuracy: 55% on 3795 calls | avg return: 3.1%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 1 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Keefe, Bruyette & Woods 50% 1/2 7.2% below average

Truist has a 55% accuracy rate on 3,795 rated stocks, with an average return of 3.1%. This is slightly above the typical analyst average. Among firms covering NWBI, only Keefe, Bruyette & Woods has a record (50% accurate on 2 calls). Truist's performance is credible but not top-decile.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1q $0.34 $0.33 — $0.37 $182.5M ↑1 ↓0
0q $0.34 $0.33 — $0.36 $179.0M ↑1 ↓0
+1y $1.44 $1.37 — $1.52 $750.5M ↑0 ↓0
0y $1.38 $1.35 — $1.45 $721.2M ↑1 ↓0

Cross-Platform Signals

Insider Trades (90d)
4 buys / 1 sells
Institutional
BANK OF AMERICA CORP /DE/ — trim (-31.8%)
Institutional
WELLS FARGO & COMPANY/MN — add (38.1%)
Institutional
RENAISSANCE TECHNOLOGIES LLC — near_exit (-91.5%)
Short Interest
Short: 471,005 | Exempt: 3 | TRF Vol: 669,286 | Short Ratio: 70.4% | Off-exchange volume (dark pool + OTC)

Insider trades show a cluster of buys: Bowers Urich T ($97.8k), Schosser Douglas ($20.9k) on May 1, Betchkal Gregory ($69.7k) on April 30, Torchio Louis ($42.6k) on March 6. One small sell by Barnum Carey ($18.9k) on April 30. Institutional moves: Bank of America trimmed 31.8%, Renaissance Technologies near exited (-91.5%), while Wells Fargo added 38.1%, Two Sigma doubled (101.7%), and Morgan Stanley added 41.2%. Short interest is 70.4% of volume — elevated. Insider buying converges with the bullish initiation, while short interest diverges as a bearish signal.

Actionable Insight

The combination of a fresh Buy initiation from a credible firm, insider buying clusters, and rising EPS estimates argues for a bullish stance. However, the high short interest and mixed institutional flows suggest traders should enter with stops or wait for volume confirmation.

Documents Analyzed

Report based on filing metadata.

7 reports for NWBI
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for NWBI — sortable, filterable
Type Now
May 26, 2026
19d ago
8-K
NEUTRAL ★ 2/10
$13.91 $13.80▼ −0.79%▼ −1.26%$14.80 (+6.40%)
May 16, 2026
29d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$11.55 $11.55▲ +0.08%▼ −1.61%$14.80 (+28.19%)
Apr 30, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$13.63 $13.83▲ +1.44%▼ −0.29%$14.80 (+8.56%)
Apr 30, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$13.63 $14.08▲ +3.27%▲ +1.55%$14.80 (+8.56%)
Apr 16, 2026
8w ago
ANALYST-UPGRADE
BULLISH ★ 7/10
$13.06 $13.42▲ +2.74%▲ +1.76%$14.80 (+13.31%)
Apr 13, 2026
8w ago
DEFA14A
NEUTRAL ★ 2/10
$13.19 $13.22▲ +0.23%▼ −1.17%$14.80 (+12.21%)
Apr 9, 2026
9w ago
DEFA14A
NEUTRAL ★ 3/10
$13.54 $13.25▼ −2.11%▼ −5.29%$14.80 (+9.35%)
Showing 7 of 7

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