National Penn Bancshares Inc. Declares Quarterly Dividend of $0.10 (NPBC)
National Penn Bancshares (NASDAQ:NPBC) declared a quarterly dividend on Wednesday, January 22nd, AR Network reports. Investors of record on Saturday, February 1st will be given a dividend of 0.10 per share on Friday, February 14th. This represents a $0.40 dividend on an annualized basis and a yield of 3.59%.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of National Penn Bancshares to $12.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. On a related note, analysts at Jefferies Group initiated coverage on shares of National Penn Bancshares in a research note to investors on Monday, January 13th. They set a “hold” rating and a $11.00 price target on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.25.
Shares of National Penn Bancshares (NASDAQ:NPBC) traded down 0.27% during mid-day trading on Wednesday, hitting $11.12. 124,889 shares of the company’s stock traded hands. National Penn Bancshares has a one year low of $9.35 and a one year high of $11.63. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $10.64. The company has a market cap of $1.621 billion and a P/E ratio of 28.52.
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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