National Penn Bancshares Inc. (NPBC) Declares Quarterly Dividend of $0.10
National Penn Bancshares (NASDAQ:NPBC) declared a quarterly dividend on Tuesday, October 22nd, Analyst Ratings.Net reports. Shareholders of record on Saturday, November 2nd will be given a dividend of $0.10 per share on Friday, November 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.80%.
A number of research firms have recently commented on NPBC. Analysts at Sterne Agee upgraded shares of National Penn Bancshares from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 20th. On a related note, analysts at Raymond James upgraded shares of National Penn Bancshares from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of National Penn Bancshares from $9.50 to $10.50 in a research note to investors on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.67.
National Penn Bancshares (NASDAQ:NPBC) traded down 0.05% during mid-day trading on Tuesday, hitting $10.525. 256,948 shares of the company’s stock traded hands. National Penn Bancshares has a 52-week low of $8.37 and a 52-week high of $11.40. The stock’s 50-day moving average is $10.1 and its 200-day moving average is $10.24. The company has a market cap of $1.533 billion and a P/E ratio of 26.39.
National Penn Bancshares (NASDAQ:NPBC) last released its earnings data on Thursday, July 25th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. During the same quarter in the previous year, the company posted $0.15 earnings per share.
National Penn Bancshares, Inc is a bank holding company. The Company provides a range of financial services, principally through its national bank subsidiary, National Penn Bank (NASDAQ:NPBC), including its KNBT and Nittany divisions.
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