Insider Buying: National Penn Bancshares Director Buys $10,000 in Stock (NPBC)
National Penn Bancshares (NASDAQ:NPBC) Director Christian F. Iv Martin bought 1,001 shares of the company’s 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 completion of the purchase, the director now directly owns 371,228 shares in the company, 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.
National Penn Bancshares (NASDAQ:NPBC) opened at 10.10 on Tuesday. National Penn Bancshares has a one year low of $9.50 and a one year high of $11.63. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $10.36. The company has a market cap of $1.407 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. On average, analysts predict that National Penn Bancshares will post $0.69 earnings per share 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 investment analysts have rated the stock with a hold rating, National Penn Bancshares has a consensus rating of “Hold” and a consensus 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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