Northwest Bancorp, Inc.

Northwest Bancorp, Inc. (NWSB) shares have been holding their ground in higher territory since originally being featured as a Zacks momentum stock on Sep 9.

Northwest's estimates have also been holding up, an impressive feat in this environment. The current-year estimate stands at $1.21 per share, while the next-year estimate is pegged at $1.50, a 24% earnings growth projection.

With shares trading around the $28 level, this stock has a forward P/E multiple of 23X, a premium to the overall market.

With the higher valuations, Northwest will need to continue to grow its earnings to support more share appreciation. Take a look at the chart below.

Updates to Previous Momentum Zacks Rank Buy Stocks

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Read the full analyst report on NWBI