Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin Sells 13,000 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.80, for a total value of $491,400.00. Following the sale, the director owned 17,004 shares in the company, valued at approximately $642,751.20. This represents a 43.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Natalye Paquin also recently made the following trade(s):

• On Monday, February 2nd, Natalye Paquin bought 580 shares of Univest Corporation of Pennsylvania stock. The stock was purchased at an average cost of $34.58 per share, with a total value of $20,056.40.

Univest Corporation of Pennsylvania Price Performance

NASDAQ:UVSP opened at $37.73 on Tuesday. The stock has a market capitalization of $1.06 billion, a PE ratio of 11.33 and a beta of 0.61. Univest Corporation of Pennsylvania has a 1-year low of $27.91 and a 1-year high of $38.71. The firm has a fifty day simple moving average of $34.89 and a 200 day simple moving average of $33.25. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.12. The firm had revenue of $87.45 million for the quarter, compared to analyst estimates of $84.85 million. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.25%. On average, research analysts expect that Univest Corporation of Pennsylvania will post 3.4 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 6th. This is a positive change from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s payout ratio is currently 26.43%.

Analyst Upgrades and Downgrades

UVSP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.00.

Institutional Trading of Univest Corporation of Pennsylvania

Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its holdings in shares of Univest Corporation of Pennsylvania by 1.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 17,012 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 295 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Univest Corporation of Pennsylvania by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio lifted its position in Univest Corporation of Pennsylvania by 3.0% during the first quarter. Strs Ohio now owns 20,600 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 purchasing an additional 703 shares during the period. Finally, Martingale Asset Management L P grew its stake in Univest Corporation of Pennsylvania by 0.9% during the third quarter. Martingale Asset Management L P now owns 79,091 shares of the financial services provider’s stock worth $2,374,000 after buying an additional 731 shares in the last quarter. Institutional investors and hedge funds 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.