Univest Corporation of Pennsylvania (NASDAQ:UVSP) Issues Earnings Results

Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.20), Zacks reports. Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%.

Univest Corporation of Pennsylvania Stock Down 0.8%

UVSP traded down $0.32 on Wednesday, reaching $42.08. The company’s stock had a trading volume of 187,879 shares, compared to its average volume of 206,452. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 12.16 and a beta of 0.67. Univest Corporation of Pennsylvania has a 1 year low of $28.20 and a 1 year high of $45.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50 day moving average is $41.76 and its 200 day moving average is $39.10.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Michael Turner sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the transaction, the director directly owned 24,684 shares of the company’s stock, valued at $1,062,152.52. This represents a 24.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research cut Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their target price on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Univest Corporation of Pennsylvania has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Get Our Latest Stock Report on UVSP

About Univest Corporation of Pennsylvania

(Get Free Report)

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest’s banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.

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Earnings History for Univest Corporation of Pennsylvania (NASDAQ:UVSP)

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