National Penn Bancshares PT Raised to $11.00 at Keefe, Bruyette & Woods (NPBC)
Investment analysts at Keefe, Bruyette & Woods hoisted their price objective on shares of National Penn Bancshares (NASDAQ:NPBC) from $10.50 to $11.00 in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 6.18% from the stock’s previous close.
National Penn Bancshares (NASDAQ:NPBC) traded down 0.48% during mid-day trading on Tuesday, hitting $10.36. 422,456 shares of the company’s stock traded hands. National Penn Bancshares has a 1-year low of $8.37 and a 1-year high of $11.40. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $10.29. The company has a market cap of $1.510 billion and a P/E ratio of 26.62.
National Penn Bancshares (NASDAQ:NPBC) last released its earnings data on Friday, October 25th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, analysts predict that National Penn Bancshares will post $0.68 earnings per share for the current fiscal year.
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 3.86%. The ex-dividend date is Wednesday, October 30th.
A number of other firms have also 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. 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. National Penn Bancshares presently has a consensus rating of “Hold” and a consensus price target of $10.83.
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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