Grab This Bargain Even Cheaper Than Director Martin IV Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 17, National Penn Bancshares Inc 's Director, Christian F. Martin IV, invested $10,000.00 into 973 shares of NPBC, for a cost per share of $10.28. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Tuesday, bargain hunters could buy shares of National Penn Bancshares Inc ( NPBC) and achieve a cost basis even cheaper than Martin IV, with shares changing hands as low as $10.25 per share. National Penn Bancshares Inc shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of NPBC shares, versus its 200 day moving average:

National Penn Bancshares Inc  Chart

Looking at the chart above, NPBC's low point in its 52 week range is $8.37 per share, with $11.40 as the 52 week high point — that compares with a last trade of $10.32. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
10/17/2013 Christian F. Martin IV Director 973 $10.28 $10,000.00

The current annualized dividend paid by National Penn Bancshares Inc is $0.40/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 10/30/2013. Below is a long-term dividend history chart for NPBC, which can be of good help in judging whether the most recent dividend with approx. 3.9% annualized yield is likely to continue.

NPBC+Dividend+History+Chart

NPBC makes up 1.69% of the KBW Regional Banking Portfolio ETF ( KBWR)

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