Univest Corp. of Pennsylvania (UVSP) Sees Strong Trading Volume
Shares of Univest Corp. of Pennsylvania (NASDAQ:UVSP) saw an uptick in trading volume on Wednesday . 126,164 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 55,069 shares.The stock last traded at $23.34 and had previously closed at $23.06.
Separately, Piper Jaffray Cos. began coverage on 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 market capitalization of $619.79 million and a price-to-earnings ratio of 16.78. The firm has a 50-day moving average of $21.95 and a 200-day moving average of $20.33.
Univest Corp. of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.08. Analysts anticipate that Univest Corp. of Pennsylvania will post $1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Wednesday, September 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 2nd.
In other Univest Corp. of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 10th. The stock was 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 owns 28,969 shares of the company’s stock, valued at $583,145.97. The sale was disclosed in a filing with the SEC, which is available 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.