Insider Buying: Christian F. Iv Martin Acquires 1,001 Shares of National Penn Bancshares Stock (NPBC)
National Penn Bancshares (NASDAQ:NPBC) Director Christian F. Iv Martin bought 1,001 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $9.99 per share, with a total value 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 Securities & Exchange Commission, which can be accessed through this link.
National Penn Bancshares (NASDAQ:NPBC) opened at 10.05 on Wednesday. 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 $10.30 and its 200-day moving average is $10.36. The company has a market cap of $1.400 billion and a price-to-earnings ratio of 15.26.
National Penn Bancshares (NASDAQ:NPBC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.19 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 equities research analysts have rated the stock with a hold rating, The company has a consensus 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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