Stock of The Day: Univest Corporation of Pennsylvania Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Stock of The Day: Univest Corporation of Pennsylvania Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Univest Corporation of Pennsylvania (NASDAQ:UVSP) hit a new 52-week high and has $29.28 target or 4.00% above today’s $28.15 share price. The 5 months bullish chart indicates low risk for the $756.22 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $29.28 price target is reached, the company will be worth $30.25 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.08% or $0.3 during the last trading session, hitting $28.15. About 67,959 shares traded hands. Univest Corporation of Pennsylvania (NASDAQ:UVSP) has risen 40.16% since April 22, 2016 and is uptrending. It has outperformed by 34.75% the S&P500.

Analysts await Univest Corporation of Pennsylvania (NASDAQ:UVSP) to report earnings on January, 25. They expect $0.38 EPS, down 5.00% or $0.02 from last year’s $0.4 per share. UVSP’s profit will be $10.21M for 18.52 P/E if the $0.38 EPS becomes a reality. After $0.35 actual EPS reported by Univest Corporation of Pennsylvania for the previous quarter, Wall Street now forecasts 8.57% EPS growth.

According to Zacks Investment Research, “Univest Corporation of Pennsylvania is a bank holding company. It owns all of the capital stock of Union National Bank and Trust Company, Pennview Savings Bank, Univest Realty Corporation, Univest Leasing Corporation, Univest Delaware, Inc., Univest Financial Services Corporation, Univest Insurance Company, and Univest Electronic Services Corporation.”

Insitutional Activity: The institutional sentiment increased to 3.91 in Q2 2016. Its up 2.18, from 1.73 in 2016Q1. The ratio improved, as 5 funds sold all Univest Corporation of Pennsylvania shares owned while 25 reduced positions. 13 funds bought stakes while 39 increased positions. They now own 10.10 million shares or 9.14% more from 9.26 million shares in 2016Q1.
State Street Corp holds 0% or 377,840 shares in its portfolio. Stanley last reported 0.33% of its portfolio in the stock. Tdam Usa has 30,325 shares for 0.03% of their US portfolio. Schroder Mngmt Group has 1,000 shares for 0% of their US portfolio. Deutsche Bancorp Ag has 0% invested in the company for 120,161 shares. Blackrock Fund last reported 487,783 shares in the company. Brandywine Global Invest Mngmt Limited Com accumulated 5,460 shares or 0% of the stock. Voya Investment Mgmt Limited has invested 0% of its portfolio in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Wells Fargo And Mn reported 106,517 shares or 0% of all its holdings. Us Comml Bank De reported 3,156 shares or 0% of all its holdings. Blackrock Invest Mngmt Ltd Llc owns 82,391 shares or 0% of their US portfolio. Ativo Mgmt Lc accumulated 0.25% or 48,612 shares. Loomis Sayles L P holds 0% of its portfolio in Univest Corporation of Pennsylvania (NASDAQ:UVSP) for 23 shares. Citigroup owns 3,698 shares or 0% of their US portfolio. Menta Cap Ltd holds 0.04% or 12,465 shares in its portfolio.

Insider Transactions: Since June 10, 2016, the stock had 1 insider buy, and 6 selling transactions for $2.20 million net activity. 52,763 Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares with value of $1.41M were sold by PETRO THOMAS M. Jackson Philip C. also sold $231,000 worth of Univest Corporation of Pennsylvania (NASDAQ:UVSP) on Monday, November 7. On Thursday, June 16 the insider MOYER GLENN E bought $19,900. Another trade for 2,000 shares valued at $40,256 was sold by Turner Michael L.. The insider Benning Todd S sold 17,619 shares worth $486,964.

More notable recent Univest Corporation of Pennsylvania (NASDAQ:UVSP) news were published by: Globenewswire.com which released: “Univest Corporation Declares Fourth Quarter Dividend” on November 23, 2016, also Reuters.com with their article: “BRIEF-Univest Corporation Of Pennsylvania – reports Q3 results” published on October 26, 2016, Globenewswire.com published: “Univest Corporation of Pennsylvania and Fox Chase Bancorp Receive Approvals …” on June 14, 2016. More interesting news about Univest Corporation of Pennsylvania (NASDAQ:UVSP) were released by: Globenewswire.com and their article: “Univest Corporation of Pennsylvania to Acquire Fox Chase Bancorp” published on December 08, 2015 as well as Globenewswire.com‘s news article titled: “Univest Corporation of Pennsylvania – Univest Bank and Trust Co. – Reports …” with publication date: October 26, 2016.

UVSP Company Profile

Univest Corporation of Pennsylvania, incorporated on January 3, 1973, is a bank holding company. The Firm 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. The Firm operates in three divisions: Banking, Wealth Management and Insurance. The Company’s Banking segment consists of commercial and consumer banking. The Banking segment provides financial services to consumers, businesses and governmental units. These services include a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting. Through its wholly owned subsidiaries, the Bank provides various financial services to individuals, municipalities and businesses throughout its markets of operation.

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