Univest Corporation of Pennsylvania (UVSP) Earning Somewhat Negative News Coverage, Analysis Shows
Media stories about Univest Corporation of Pennsylvania (NASDAQ:UVSP) have trended somewhat negative recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Univest Corporation of Pennsylvania earned a media sentiment score of -0.12 on AlphaOne’s scale. AlphaOne also assigned news headlines about the financial services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
UVSP has been the subject of a number of research analyst reports. Sandler O’Neill initiated coverage on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, April 12th. They set a “buy” rating for the company. ValuEngine raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 0.67% during trading on Friday, hitting $29.75. 160,086 shares of the company were exchanged. Univest Corporation of Pennsylvania has a 12 month low of $19.72 and a 12 month high of $31.50. The company has a 50-day moving average of $29.13 and a 200-day moving average of $28.59. The company has a market capitalization of $793.16 million, a price-to-earnings ratio of 32.06 and a beta of 0.70.
Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Univest Corporation of Pennsylvania had a net margin of 11.75% and a return on equity of 7.31%. The company had revenue of $49.25 million during the quarter. Analysts forecast that Univest Corporation of Pennsylvania will post $1.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Wednesday, June 7th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. Univest Corporation of Pennsylvania’s payout ratio is 85.11%.
In related news, Director Michael L. Turner sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total value of $59,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 5,500 shares of company stock valued at $153,495. 3.62% of the stock is owned by insiders.
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About Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
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