Northwest Bancshares (Northwest Bancshares) Momentum Rank : 5 (As of Apr. 26, 2024)

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What is Northwest Bancshares Momentum Rank?

Northwest Bancshares has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Northwest Bancshares's Momentum Rank

For the Banks - Regional subindustry, Northwest Bancshares's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northwest Bancshares's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Northwest Bancshares's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Northwest Bancshares's Momentum Rank falls into.

Northwest Bancshares Momentum Rank Related Terms

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Northwest Bancshares (Northwest Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northwest Bancshares Inc (NAS:NWBI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NHS:Germany

Address

3 Easton Oval, Suite 500, Columbus, OH, USA, 43219

Website

https://www.northwest.bank

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

Executives

Timothy B Fannin	director	100 LIBERTY STREET, WARREN PA 16365
Devin T Cygnar	officer: EVP, Chief Marketing Officer	100 LIBERTY STREET, WARREN PA 16365
Jeffrey J Maddigan	officer: EVP, Corporate Treasurer	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Louis J Torchio	officer: Sr. EVP Retail Lending	100 LIBERTY STREET, WARREN PA 16365
Carey A. Barnum	officer: SVP, Chief Auditor	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Scott J Watson	officer: EVP, Chief Information Officer	100 LIBERTY STREET, WARREN PA 16365
Jacques Marc Desmarteau	officer: SEVP, Chief Comm. Banking Ofc.	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
James M Colestro	officer: EVP, Retail Lend & Bus Banking	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Amber Lee Williams	director	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219
Mark A Paup	director	100 LIBERTY STREET, WARREN PA 16365
Robert M Campana	director	NORTHWEST BANCSHARES, INC., 100 LIBERTY STREET, WARREN PA 16365
David M Tullio	director	100 LIBERTY STREET, WARREN PA 16365
Richard K Laws	officer: EVP Chief Legal Counsel	100 LIBERTY STREET, WARREN PA 16365
Mark T. Reitzes	officer: EVP Head of Commercial Lending	3723 GLENMORE AVENUE, CHEVIOT OH 45211
Gregory J. Betchkal	officer: EVP, Chief Risk Officer	3 EASTON OVAL, SUITE 500, COLUMBUS OH 43219