Univest Corporation of Pennsylvania (NASDAQ:UVSP) CEO Jeffrey Schweitzer Sells 13,933 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) CEO Jeffrey Schweitzer sold 13,933 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the sale, the chief executive officer directly owned 110,513 shares in the company, valued at $4,521,086.83. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Univest Corporation of Pennsylvania Stock Up 0.7%

UVSP stock opened at $41.21 on Wednesday. The firm’s fifty day simple moving average is $37.92 and its 200-day simple moving average is $35.14. The company has a market capitalization of $1.15 billion, a P/E ratio of 12.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $41.77.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $87.45 million for the quarter, compared to the consensus estimate of $84.85 million. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. As a group, equities research analysts forecast that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a $0.23 dividend. This is an increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. Univest Corporation of Pennsylvania’s payout ratio is currently 27.63%.

Institutional Trading of Univest Corporation of Pennsylvania

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Univest Corporation of Pennsylvania during the second quarter worth $42,000. Geneos Wealth Management Inc. boosted its holdings in Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Univest Corporation of Pennsylvania during the second quarter worth $91,000. Tower Research Capital LLC TRC boosted its holdings in Univest Corporation of Pennsylvania by 69.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after buying an additional 1,324 shares in the last quarter. Finally, Mariner LLC purchased a new stake in Univest Corporation of Pennsylvania during the fourth quarter worth $211,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. Keefe, Bruyette & Woods increased their price target on shares of Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.00.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.