Univest Corp. of Pennsylvania (NASDAQ:UVSP) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.47 and last traded at $22.00, with a volume of 22,304 shares trading hands. The stock had previously closed at $21.85.

A number of research analysts have recently issued reports on UVSP shares. Piper Jaffray Cos. started coverage on Univest Corp. of Pennsylvania in a research note on Thursday, July 14th. They issued an “overweight” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded Univest Corp. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Tuesday, March 29th.

The stock’s 50-day moving average price is $20.84 and its 200 day moving average price is $19.82. The firm has a market cap of $429.20 million and a P/E ratio of 15.08.

Univest Corp. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.08. On average, analysts predict that Univest Corp. of Pennsylvania will post $1.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Monday, June 6th.

In other news, Director Michael L. Turner sold 2,000 shares of Univest Corp. of Pennsylvania stock in a transaction on Friday, June 10th. The shares were sold at an average price of $20.13, for a total transaction of $40,260.00. Following the transaction, the director now owns 28,969 shares in the company, valued at approximately $583,145.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds and institutional investors have modified their holdings of UVSP. Aberdeen Asset Management PLC UK boosted its position in shares of Univest Corp. of Pennsylvania by 35.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 383,510 shares of the financial services provider’s stock valued at $7,425,000 after buying an additional 99,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Univest Corp. of Pennsylvania by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 601,409 shares of the financial services provider’s stock valued at $12,545,000 after buying an additional 33,983 shares in the last quarter. Philadelphia Trust Co. boosted its position in shares of Univest Corp. of Pennsylvania by 2.5% in the fourth quarter. Philadelphia Trust Co. now owns 369,939 shares of the financial services provider’s stock valued at $7,723,000 after buying an additional 8,857 shares in the last quarter. Finally, Tradition Capital Management LLC boosted its position in shares of Univest Corp. of Pennsylvania by 5.1% in the fourth quarter. Tradition Capital Management LLC now owns 82,765 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 4,035 shares in the last quarter.

Univest Corporation of Pennsylvania is a bank holding company. The Company owns all of the capital stock of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Bank is engaged in the general commercial banking business and provides a range of banking and trust services to its customers.

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