Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) CEO Jeffrey Schweitzer sold 13,933 shares of Univest Corporation of Pennsylvania 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 owned 110,513 shares in the company, valued at $4,521,086.83. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Univest Corporation of Pennsylvania Stock Up 1.4%
Shares of UVSP stock opened at $41.79 on Thursday. The firm’s fifty day moving average price is $38.08 and its two-hundred day moving average price is $35.22. Univest Corporation of Pennsylvania has a 1 year low of $27.91 and a 1 year high of $42.00. The firm has a market capitalization of $1.16 billion, a P/E ratio of 12.55 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. The company had revenue of $87.45 million during the quarter, compared to the consensus estimate of $84.85 million. On average, equities analysts predict that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.
Univest Corporation of Pennsylvania Increases Dividend
Wall Street Analysts Forecast Growth
Several analysts recently commented on UVSP shares. Keefe, Bruyette & Woods lifted their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.00.
Read Our Latest Stock Report on Univest Corporation of Pennsylvania
Institutional Trading of Univest Corporation of Pennsylvania
Institutional investors have recently bought and sold shares of the business. UNIVEST FINANCIAL Corp boosted its holdings in Univest Corporation of Pennsylvania by 22.2% in 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 during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $688,000. Global Retirement Partners LLC acquired a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $631,000. State of New Jersey Common Pension Fund D raised its position in shares of Univest Corporation of Pennsylvania by 12.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 88,187 shares of the financial services provider’s stock valued at $2,887,000 after buying an additional 9,951 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Univest Corporation of Pennsylvania by 19.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,333 shares of the financial services provider’s stock valued at $731,000 after buying an additional 3,687 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.
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.
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