Keefe, Bruyette & Woods Reports On Sharecount Change At National Penn Bancshares (NPBC)

Keefe, Bruyette & Woods released a report on sharecount changes at S&P. After the close of the market on Wednesday, January 12th, S&P announced sharecount changes for National Penn Bancshares

. S&P will increase the sharecount and decrease the investable weight factor (

) for National Penn Bancshares. In the report, KBW, estimates the amount of shares that will need to be sold by S&P index funds as a result of the recent changes, and gives NPBC a rating of Market Perform with Price Target of $7.50 per share. According to the report, NPBC may fail to reach its PT due to several risk factors, including, “interest rate risk” and “asset quality deterioration and integration risk.” It also stated that, “National Penn has historically been acquisitive and failure to successfully integrate past and future acquisitions may adversely impact the bank's ability to achieve our estimates and price target.” National Penn Bancshares is currently trading at $8.22 per share, up 0.12 percent from yesterday's close.