Northwest Bancorp. was top local stock performer in 2Q

Northwest Bancorp. was the top performer among local stocks during the second quarter, with a share price that shot up 61.4 percent.

Northwest Bancorp. is the parent company of Inland Northwest Bank. The stock price rose to $21.46 per share on June 30 after the company announced plans to be acquired by First Interstate BancSystem Inc., according to Hart Capital Index & Composite.

The index tracks nine of the Inland Northwest’s largest publicly traded companies in a methodology similar to the Standard & Poor’s 500. During the second quarter, the S&P 500 increased 2.9 percent, which the Hart Index dropped 6 percent.

Idaho Independent Bank was the second place finisher among local stocks, with a share price that rose 15.1 percent. Key Tronic Corp.’s stock rose 9.7 percent for third place. W.T.B. Financial Corp., Washington Trust Bank’s parent company, was fourth, with a 8.9 percent stock gain.

Avista Corp.’s stock rose 2.8 percent during the second quarter.

Four companies’ stock prices declined during the quarter. PotlatchDeltic was down 2.3 percent; Itron dropped 5.2 percent; Hecla Mining Co. dropped 16.1 percent; and Clearwater Paper Corp. dropped 40.9 percent.