Insider Selling: Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Sells 13,000 Shares of Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin sold 13,000 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.80, for a total value of $491,400.00. Following the completion of the sale, the director directly owned 17,004 shares in the company, valued at $642,751.20. This represents a 43.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Natalye Paquin also recently made the following trade(s):

• On Monday, February 2nd, Natalye Paquin purchased 580 shares of Univest Corporation of Pennsylvania stock. The stock was purchased at an average cost of $34.58 per share, for a total transaction of $20,056.40.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ:UVSP traded up $0.16 during trading on Monday, reaching $37.73. The stock had a trading volume of 325,993 shares, compared to its average volume of 178,788. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.05. The business has a fifty day moving average price of $34.83 and a 200-day moving average price of $33.19. The stock has a market cap of $1.06 billion, a PE ratio of 11.33 and a beta of 0.61. Univest Corporation of Pennsylvania has a 1-year low of $27.91 and a 1-year high of $38.71.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The firm had revenue of $87.45 million for the quarter, compared to analyst estimates of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.25% and a net margin of 18.25%. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 3.4 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be paid a $0.23 dividend. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 6th. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 26.43%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Univest Corporation of Pennsylvania during the third quarter worth $34,000. Russell Investments Group Ltd. acquired a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. lifted its stake in shares of Univest Corporation of Pennsylvania by 545.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,252 shares during the last quarter. Osaic Holdings Inc. acquired a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at $91,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Univest Corporation of Pennsylvania by 69.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,324 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.

About Univest Corporation of Pennsylvania

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.