Shares of Univest Corp. of Pennsylvania (NASDAQ:UVSP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.47 and last traded at $22.42, with a volume of 18,455 shares trading hands. The stock had previously closed at $22.37.

Separately, Piper Jaffray Cos. initiated 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.

The firm’s 50 day moving average price is $21.56 and its 200-day moving average price is $20.12. The firm has a market cap of $595.89 million and a P/E ratio of 16.13.

Univest Corp. of Pennsylvania (NASDAQ:UVSP) last released its earnings results 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. On average, equities analysts predict that Univest Corp. of Pennsylvania will post $1.54 EPS for the current year.

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

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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