Univest Corporation of Pennsylvania (NASDAQ:UVSP) CFO Brian Richardson Sells 2,090 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) CFO Brian Richardson sold 2,090 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was 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 directly owned 24,228 shares of the company’s stock, valued at approximately $990,925.20. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Univest Corporation of Pennsylvania Trading Up 0.7%

Shares of UVSP opened at $41.21 on Wednesday. Univest Corporation of Pennsylvania has a 1 year low of $27.91 and a 1 year high of $41.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $37.92 and a 200-day simple moving average of $35.14. The stock has a market cap of $1.15 billion, a PE ratio of 12.38 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) 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 business had revenue of $87.45 million during the quarter, compared to analysts’ expectations of $84.85 million. On average, sell-side analysts predict that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, May 6th. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s payout ratio is currently 27.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.00.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new position in Univest Corporation of Pennsylvania in the 1st quarter valued at $8,819,000. The Manufacturers Life Insurance Company boosted its position in Univest Corporation of Pennsylvania by 15.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock valued at $44,335,000 after buying an additional 193,561 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its position 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 buying an additional 112,203 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Univest Corporation of Pennsylvania by 38.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 379,679 shares of the financial services provider’s stock valued at $12,431,000 after buying an additional 104,516 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Univest Corporation of Pennsylvania by 359.9% in the 1st quarter. SG Americas Securities LLC now owns 99,155 shares of the financial services provider’s stock valued at $3,397,000 after buying an additional 77,594 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.

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.