Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) Director Michael Turner sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $43.03, for a total value of $344,240.00. Following the completion of the transaction, the director directly owned 24,684 shares of the company’s stock, valued at $1,062,152.52. This represents a 24.48% decrease in their position. 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 0.4%
Shares of NASDAQ UVSP opened at $43.16 on Friday. The company has a 50 day simple moving average of $43.42 and a 200 day simple moving average of $38.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 1 year low of $28.03 and a 1 year high of $45.46. The firm has a market cap of $1.19 billion, a PE ratio of 12.47 and a beta of 0.66.
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%.The business had revenue of $89.59 million for the quarter, compared to the consensus estimate of $86.66 million. On average, research analysts forecast that Univest Corporation of Pennsylvania will post 3.67 EPS for the current year.
Univest Corporation of Pennsylvania Announces Dividend
Wall Street Analyst Weigh In
A number of analysts recently weighed in on UVSP shares. Keefe, Bruyette & Woods increased their price objective on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $40.50.
Get Our Latest Stock Analysis on UVSP
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UVSP. UNIVEST FINANCIAL Corp increased its holdings in Univest Corporation of Pennsylvania by 22.2% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 617,526 shares of the financial services provider’s stock worth $20,218,000 after purchasing an additional 112,203 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 359.9% during the 1st quarter. SG Americas Securities LLC now owns 99,155 shares of the financial services provider’s stock worth $3,397,000 after buying an additional 77,594 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $1,246,000. Sei Investments Co. grew its position in shares of Univest Corporation of Pennsylvania by 12.1% during the 1st quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider’s stock worth $9,311,000 after buying an additional 29,247 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Univest Corporation of Pennsylvania by 39.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 358,183 shares of the financial services provider’s stock worth $15,671,000 after buying an additional 100,780 shares during the period. 75.07% of the stock is 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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