Northwest Bancshares Stock Nears 52-Week High After Insider Buy Puts NWBI Back In Focus
Northwest Bancshares Inc. shares rose about 1.1% to $14.22 in Friday midday trading, putting the regional lender within a few cents of its 52-week high, after a regulatory filing showed a director bought stock earlier in the week. The shares touched $14.225 intraday; Google Finance lists the 52-week high at $14.26. That is the useful bit for traders: NWBI is not just drifting with the tape. It is trading near the top of its one-year range while the regional bank group also has a bid, with the KBW Nasdaq Regional Banking Index up 0.35% at 135.12. The index tracks U.S. regional banks and thrifts, or savings-focused lenders.