National Penn Bancshares Director Christian F. Iv Martin Purchases 1,001 Shares (NPBC)
National Penn Bancshares (NASDAQ:NPBC) Director Christian F. Iv Martin bought 1,001 shares of National Penn Bancshares stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $9,999.99. Following the purchase, 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 legal filing with the SEC, which is available at this link.
Shares of National Penn Bancshares (NASDAQ:NPBC) traded up 1.30% on Monday, hitting $10.12. 154,806 shares of the company’s stock traded hands. National Penn Bancshares has a 52-week low of $9.50 and a 52-week 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 $1.409 billion and a price-to-earnings ratio of 15.09.
National Penn Bancshares (NASDAQ:NPBC) last released its earnings data on Thursday, July 24th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.02. During the same quarter in the prior 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.
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 equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $11.00.
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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