National Penn Bancshares (NPBC) Releases Quarterly Earnings Results
National Penn Bancshares (NASDAQ:NPBC) issued its quarterly earnings data on Friday. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17, AmericanBankingNews.com reports. During the same quarter last year, the company posted $0.17 earnings per share.
A number of analysts have recently weighed in on NPBC shares. 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 the ratings front, 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. National Penn Bancshares has a consensus rating of “Hold” and an average target price of $10.67.
National Penn Bancshares (NASDAQ:NPBC) opened at 10.50 on Friday. National Penn Bancshares has a one year low of $8.37 and a one year high of $11.40. The stock’s 50-day moving average is $10.50 and its 200-day moving average is $10.29. The company has a market cap of $1.529 billion and a P/E ratio of 26.32.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Saturday, November 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Wednesday, October 30th.
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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