Insider Buying: Christian F. Iv Martin Purchases 1,001 Shares of National Penn Bancshares Stock (NPBC)
National Penn Bancshares (NASDAQ:NPBC) Director Christian F. Iv Martin acquired 1,001 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $9.99 per share, for a total transaction of $9,999.99. Following the completion of the acquisition, the director now directly owns 371,228 shares of the company’s stock, valued at approximately $3,708,568. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Guggenheim reiterated a “neutral” rating on shares of National Penn Bancshares in a research note on Thursday, June 5th. They now have a $11.00 price target on the stock. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
National Penn Bancshares (NASDAQ:NPBC) traded up 1.45% during mid-day trading on Monday, hitting $10.135. The stock had a trading volume of 148,498 shares. National Penn Bancshares has a one year low of $9.50 and a one year high of $11.63. The stock has a 50-day moving average of $10.32 and a 200-day moving average of $10.37. The company has a market cap of $1.412 billion and a P/E ratio of 15.09.
National Penn Bancshares (NASDAQ:NPBC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts expect that National Penn Bancshares will post $0.69 EPS for the current fiscal year.
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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