Univest Corporation of Pennsylvania (NASDAQ:UVSP – Free Report) had its target price upped by Keefe, Bruyette & Woods from $45.00 to $47.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.
Separately, Weiss Ratings raised shares of Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.50.
View Our Latest Stock Report on Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania Stock Performance
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $84.35 million during the quarter, compared to analyst estimates of $86.66 million. Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.44%. Sell-side analysts anticipate that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.
Univest Corporation of Pennsylvania Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 26.59%.
Insider Transactions at Univest Corporation of Pennsylvania
In other news, COO Michael S. Keim sold 7,245 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $38.71, for a total value of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares of the company’s stock, valued at $2,592,757.09. The trade was a 9.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian J. Richardson sold 2,090 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.90, for a total transaction of $85,481.00. Following the transaction, the chief financial officer owned 24,228 shares of the company’s stock, valued at $990,925.20. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,268 shares of company stock valued at $935,934 over the last 90 days. 1.83% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Univest Corporation of Pennsylvania
Several hedge funds have recently modified their holdings of UVSP. Russell Investments Group Ltd. bought a new stake in Univest Corporation of Pennsylvania during the second quarter worth about $42,000. Geneos Wealth Management Inc. increased its position in shares of Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,252 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $91,000. Tower Research Capital LLC TRC raised its stake in shares of Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $211,000. 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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