Shares of Univest Corp. of Pennsylvania (NASDAQ:UVSP) reached a new 52-week high on Wednesday . The stock 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.

Separately, Piper Jaffray Cos. began coverage on shares of Univest Corp. of Pennsylvania in a research note on Thursday, July 14th. They issued an “overweight” rating and a $24.00 price target for the company.

The firm has a 50-day moving average price of $20.89 and a 200-day moving average price of $19.84. The company has a market capitalization of $416.06 million and a PE ratio of 14.62.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Monday, June 6th.

In other Univest Corp. of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of Univest Corp. of Pennsylvania stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $20.13, for a total transaction of $40,260.00. Following the completion of the transaction, the director now owns 28,969 shares in the company, valued at $583,145.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of institutional investors have made changes to their positions in 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 worth $7,425,000 after buying an additional 99,800 shares during 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 worth $12,545,000 after buying an additional 33,983 shares during 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 worth $1,726,000 after buying an additional 4,035 shares during 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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