Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) CFO Brian Richardson sold 2,090 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Univest Corporation of Pennsylvania Trading Up 1.3%
UVSP traded up $0.52 during midday trading on Tuesday, reaching $41.45. 72,901 shares of the company were exchanged, compared to its average volume of 179,886. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a one year low of $27.91 and a one year high of $41.77. The stock has a market capitalization of $1.15 billion, a P/E ratio of 12.45 and a beta of 0.67. The stock’s 50-day simple moving average is $37.77 and its 200 day simple moving average is $35.06.
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last issued its 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. 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, analysts forecast that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.
Univest Corporation of Pennsylvania Increases Dividend
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on UVSP shares. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a 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 stock a “market perform” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.00.
View Our Latest Research Report on UVSP
Institutional Investors Weigh In On Univest Corporation of Pennsylvania
A number of hedge funds and other institutional investors have recently made changes to their positions in UVSP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Univest Corporation of Pennsylvania by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 703 shares during the period. Empowered Funds LLC lifted its stake in Univest Corporation of Pennsylvania by 4.2% in the 1st quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock valued at $2,907,000 after acquiring an additional 4,087 shares in the last quarter. Jane Street Group LLC bought a new stake in Univest Corporation of Pennsylvania in the 1st quarter valued at approximately $1,467,000. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 2,252 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Univest Corporation of Pennsylvania by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 30,612 shares of the financial services provider’s stock valued at $920,000 after acquiring an additional 2,291 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
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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