Univest Corp. of Pennsylvania (UVSP) Hits New 12-Month High at $22.90
Univest Corp. of Pennsylvania (NASDAQ:UVSP) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.90 and last traded at $22.89, with a volume of 19,582 shares trading hands. The stock had previously closed at $22.55.
Separately, Piper Jaffray Cos. assumed coverage on shares of Univest Corp. of Pennsylvania in a report on Thursday, July 14th. They issued an “overweight” rating and a $24.00 price objective for the company.
The firm has a market capitalization of $610.77 million and a PE ratio of 16.53. The firm has a 50 day moving average price of $21.82 and a 200 day moving average price of $20.28.
Univest Corp. of Pennsylvania (NASDAQ:UVSP) last released its quarterly 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. Equities research analysts predict that Univest Corp. of Pennsylvania will post $1.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, September 2nd.
In related news, Director Michael L. Turner sold 2,000 shares of the 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 legal filing with the Securities & Exchange Commission, which is available at 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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