Brian Richardson Sells 2,090 Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) CFO Brian Richardson sold 2,090 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.90, for a total value of $85,481.00. Following the completion of the sale, the chief financial officer owned 24,228 shares in the company, valued at approximately $990,925.20. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Univest Corporation of Pennsylvania Stock Up 1.4%

UVSP opened at $41.79 on Thursday. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $42.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $1.16 billion, a P/E ratio of 12.55 and a beta of 0.67. The stock’s 50 day moving average price is $38.08 and its 200 day moving average price is $35.22.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its earnings results 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. Univest Corporation of Pennsylvania had a return on equity of 10.19% and a net margin of 18.25%.The firm had revenue of $87.45 million for the quarter, compared to analysts’ expectations of $84.85 million. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were given a $0.23 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.2%. This is an increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s payout ratio is 27.63%.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised their target price on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.00.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Univest Corporation of Pennsylvania by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider’s stock valued at $64,622,000 after purchasing an additional 6,965 shares in the last quarter. Vanguard Group Inc. boosted its stake in Univest Corporation of Pennsylvania by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,938 shares of the financial services provider’s stock valued at $52,293,000 after purchasing an additional 16,682 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Univest Corporation of Pennsylvania by 15.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock valued at $44,335,000 after purchasing an additional 193,561 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Univest Corporation of Pennsylvania by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock valued at $26,745,000 after purchasing an additional 2,693 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its stake in Univest Corporation of Pennsylvania by 22.2% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 617,526 shares of the financial services provider’s stock valued at $20,218,000 after purchasing an additional 112,203 shares in the last quarter. 75.07% of the stock is owned by institutional investors.

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.