Univest Corporation of Pennsylvania (NASDAQ:UVSP) CEO Jeffrey Schweitzer Sells 13,933 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) CEO Jeffrey Schweitzer sold 13,933 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.91, for a total value of $569,999.03. Following the transaction, the chief executive officer owned 110,513 shares of the company’s stock, valued at $4,521,086.83. This represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Univest Corporation of Pennsylvania Price Performance

NASDAQ UVSP traded up $0.52 during trading on Tuesday, hitting $41.45. 72,901 shares of the stock traded hands, compared to its average volume of 179,886. The company has a market capitalization of $1.15 billion, a P/E ratio of 12.45 and a beta of 0.67. The firm has a 50-day simple moving average of $37.77 and a 200-day simple moving average of $35.06. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Univest Corporation of Pennsylvania has a 12-month low of $27.91 and a 12-month high of $41.77.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $87.45 million during the quarter, compared to analysts’ expectations of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.19% and a net margin of 18.25%. As a group, analysts predict that Univest Corporation of Pennsylvania will post 3.6 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.2%. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 27.63%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Univest Corporation of Pennsylvania by 18.1% in the 1st quarter. Bank of America Corp DE now owns 225,853 shares of the financial services provider’s stock worth $7,738,000 after purchasing an additional 34,557 shares during the period. Amundi purchased a new position in shares of Univest Corporation of Pennsylvania in the 1st quarter worth approximately $440,000. Empowered Funds LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 6.1% in the 1st quarter. Empowered Funds LLC now owns 130,764 shares of the financial services provider’s stock worth $4,480,000 after purchasing an additional 7,534 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Univest Corporation of Pennsylvania by 60.1% in the 1st quarter. Quantinno Capital Management LP now owns 31,070 shares of the financial services provider’s stock worth $1,064,000 after purchasing an additional 11,664 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Univest Corporation of Pennsylvania by 4.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 346,893 shares of the financial services provider’s stock worth $11,885,000 after purchasing an additional 13,772 shares during the period. Hedge funds and other 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.