Univest Corp. of PA (UVSP) is Initiated by Piper Jaffray to Overweight, Price Target at $24

Univest Corp. of PA (UVSP) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $24. Piper Jaffray advised their investors in a research report released on Jul 14, 2016.

Univest Corp. of PA opened for trading at $20.75 and hit $20.99 on the upside on Wednesday, eventually ending the session at $20.8, with a gain of 0.29% or 0.06 points. The heightened volatility saw the trading volume jump to 1,74,799 shares. Company has a market cap of $408 M.

In a different news, on Jun 17, 2016, Glenn E Moyer (director) purchased 1,000 shares at $19.90 per share price. According to the SEC, on Jun 10, 2016, Michael L. Turner (director) sold 2,000 shares at $20.10 per share price. On Mar 30, 2016, Kevin Brian Norris (Pres – Invest. & Wealth Mgmt) purchased 2,500 shares at $18.95 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company operates through three business segments: Banking Wealth Management and Insurance. The Bank through its subsidiaries acts as an insurance agency broker-dealer and investment advisory firm and operates an equipment financing business. Through its wholly owned subsidiaries the Bank provides a variety of financial services to individuals municipalities and businesses throughout its markets of operation.

Univest Corp. of PA

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