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 company’s stock in a transaction 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 sale, the chief executive officer owned 110,513 shares of the company’s stock, valued at approximately $4,521,086.83. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Univest Corporation of Pennsylvania Stock Performance

Univest Corporation of Pennsylvania stock traded up $0.52 during mid-day trading on Tuesday, reaching $41.45. 72,901 shares of the stock traded hands, compared to its average volume of 179,886. The stock has a market capitalization of $1.15 billion, a PE ratio of 12.45 and a beta of 0.67. 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 12-month low of $27.91 and a 12-month high of $41.77. The business’s 50-day moving average is $37.77 and its 200-day moving average is $35.06.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. The company 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, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, May 6th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 27.63%.

Institutional Trading of Univest Corporation of Pennsylvania

Several institutional investors and hedge funds have recently modified their holdings of UVSP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 703 shares during the period. Empowered Funds LLC grew its position in shares of Univest Corporation of Pennsylvania by 4.2% during the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock worth $2,907,000 after purchasing an additional 4,087 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the first quarter worth about $1,467,000. Geneos Wealth Management Inc. grew its position in shares of Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Univest Corporation of Pennsylvania by 8.1% during the second quarter. Legal & General Group Plc now owns 30,612 shares of the financial services provider’s stock worth $920,000 after purchasing an additional 2,291 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

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.