Keefe, Bruyette & Woods Initiates Coverage on Northwest Bancorp (NWSB) with a Market Perform

October 15, 2009 8:38 AM EDT

Keefe, Bruyette & Woods initiates coverage on Northwest Bancorp, Inc. (Nasdaq: NWSB) with a Market Perform. Price target $26.

Keefe analyst says, "NWSB recently announced its intention to undertake a second-step conversion. We believe this Warren, Pennsylvania-headquartered bank will be poised to create shareholder value through the deployment of the newly raised capital."

To see more analyst ratings on NWSB Click Here.

Northwest Bancorp, Inc. operates as the holding company for Northwest Savings Bank that offers various banking and consumer finance services.


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