Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Sells 8,000 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Michael Turner sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the completion of the sale, the director owned 24,684 shares of the company’s stock, valued at approximately $1,062,152.52. This trade represents a 24.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ UVSP traded up $0.18 during trading hours on Friday, hitting $43.15. 40,199 shares of the stock were exchanged, compared to its average volume of 204,057. Univest Corporation of Pennsylvania has a one year low of $28.03 and a one year high of $45.46. The company’s 50 day moving average is $43.37 and its 200 day moving average is $38.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $1.19 billion, a P/E ratio of 12.46 and a beta of 0.66.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $89.59 million during the quarter, compared to the consensus estimate of $86.66 million. Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%. On average, research analysts expect that Univest Corporation of Pennsylvania will post 3.67 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. Univest Corporation of Pennsylvania’s payout ratio is presently 26.59%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new stake in shares of Univest Corporation of Pennsylvania in the first quarter valued at about $8,819,000. The Manufacturers Life Insurance Company raised its holdings 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 acquiring an additional 193,561 shares in the last quarter. UNIVEST FINANCIAL Corp raised its holdings 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 acquiring an additional 112,203 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $12,431,000 after acquiring an additional 104,516 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of 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 worth $3,397,000 after acquiring an additional 77,594 shares during the period. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Ratings Changes

UVSP has been the topic of a number of research analyst reports. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their price target on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Zacks Research raised 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 given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $40.50.

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.