Univest Corporation of Pennsylv (NASDAQ:UVSP) has been the object of insider buying and selling activity recently. Michael L. Turner, Director let go of $23,260 worth of shares at an average price of $23.26 on September 27th. The Director now owns $605,670 of the stock as reported to the SEC. Glenn E. Moyer, Director bought $19,900 worth of shares at an average price of $19.90 on Thu the 16th. Moyer now owns $139,449 of stock as recorded in a recent Form 4 SEC filing.
Kevin Brian Norris, Pres – Invest. & Wealth Mgmt disclosed the purchase of 2,500 shares of UVSP stock. The shares were purchased at an average price of $18.95. The Pres – Invest. & Wealth Mgmt now owns $290,039 of the stock according to the SEC filing.
These funds have also shifted positions in (UVSP). As of the end of the quarter Royal Bank Of Canada had acquired 15,559 shares growing its position 72.1%. The value in dollars went from $421,000 to $780,000 increasing 85.3% for the reporting period. Schwab Charles Investment Management Inc expanded its holdings by buying 1,209 shares an increase of 2.6%. Schwab Charles Investment Management Inc claims 47,853 shares valued at $1,006,000. The value of the position overall is up by 3.4%.
Manufacturers Life Insurance Company, The bolstered its investment by buying 423 shares an increase of 0.3% in the quarter. Manufacturers Life Insurance Company, The owns 124,989 shares with a value of $2,627,000. The total value of its holdings increased 9.5%. As of quarter end Bridgeway Capital Management Inc had sold a total of 200 shares trimming its holdings by 0.2%. The value of the investment in Univest Corporation of Pennsylv increased from $1,990,000 to $2,140,000 a change of 7.5% quarter to quarter.
Piper Jaffray released its first research report on the stock with an initial rating of “Overweight” and setting a price target of $24.00. Keefe Bruyette & Woods upgraded the stock and raised the price target on June 23 boosting the price target from $22.00 to $24.00 and raising the rating from “Market Perform” to “Outperform”.
On June 23 the stock rating was upgraded to “Outperform” from “Market Perform” with a current price target of $24.00 in a report issued by Keefe Bruyette & Woods.
The company is so far trading up since yesterday’s close of $23.15. Additionally the company recently declared a dividend payable on Monday October 3rd, 2016. The dividend will be $0.200 per share for the quarter which comes to $0.80 on an annualized basis. The dividend yield will be $3.40. The ex-dividend date will be Friday September 2nd, 2016.
Company shares last traded at $23.47 which is marginally over the 50 day moving average which is $22.85 and a tad above the 200 day moving average of $20.85. The 50 day moving average was up $0.62 and the 200 day average was up $2.62.
Univest Corporation of Pennsylv’s P/E ratio is 16.87 and market capitalization is 623.25M. In the last earnings report the EPS was $1.39 and is expected to be $1.54 for the current year with 26,555,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.42 and the next full year EPS is projected to be $1.78.
Investors are a little more bearish on Univest Corporation of Pennsylv recently as evidenced by the motion in short interest. The company saw a rise in short interest of 0.01% as of the latest report on September 15, 2016. Short shares increased 4,543 over that timeframe. Days to cover decreased -2.0 to 5.8 and the percentage of shorted shares is 0.01% as of September 15.