National Penn Bancshares Now Covered by Analysts at Jefferies Group (NPBC)
Investment analysts at Jefferies Group began coverage on shares of National Penn Bancshares (NASDAQ:NPBC) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $11.00 price target on the stock. Jefferies Group’s price objective points to a potential upside of 1.10% from the stock’s previous close.
Shares of National Penn Bancshares (NASDAQ:NPBC) traded down 1.45% during mid-day trading on Monday, hitting $10.88. The stock had a trading volume of 592,624 shares. National Penn Bancshares has a one year low of $9.35 and a one year high of $11.63. The stock’s 50-day moving average is $11.11 and its 200-day moving average is $10.63. The company has a market cap of $1.586 billion and a price-to-earnings ratio of 28.24.
National Penn Bancshares (NASDAQ:NPBC) last released its earnings data on Friday, October 25th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts predict that National Penn Bancshares will post $0.67 earnings per share for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of National Penn Bancshares from $10.50 to $11.00 in a research note to investors on Tuesday, October 29th. They now have a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.88.
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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