Univest Corporation of Pennsylvania (NASDAQ:UVSP) COO Sells $280,453.95 in Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) COO Michael Keim sold 7,245 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total transaction of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares of the company’s stock, valued at $2,592,757.09. This represents a 9.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Univest Corporation of Pennsylvania Trading Up 0.7%

UVSP opened at $38.89 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of 11.68 and a beta of 0.67. Univest Corporation of Pennsylvania has a one year low of $27.91 and a one year high of $39.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day moving average price is $35.31 and its 200 day moving average price is $33.64.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its 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. Univest Corporation of Pennsylvania had a return on equity of 10.19% and a net margin of 18.25%.The company had revenue of $87.45 million during the quarter, compared to analysts’ expectations of $84.85 million. As a group, equities research analysts expect that Univest Corporation of Pennsylvania will post 3.6 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be given a dividend of $0.23 per share. 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 dividend payout ratio is 27.63%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of 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 reiterated 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Univest Corporation of Pennsylvania by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider’s stock valued at $64,622,000 after buying an additional 6,965 shares in the last quarter. Vanguard Group Inc. lifted its stake in Univest Corporation of Pennsylvania by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,938 shares of the financial services provider’s stock worth $52,293,000 after acquiring an additional 16,682 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Univest Corporation of Pennsylvania by 15.1% during 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 during the period. Pzena Investment Management LLC boosted its holdings in Univest Corporation of Pennsylvania by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock valued at $26,745,000 after acquiring an additional 2,693 shares during the period. Finally, UNIVEST FINANCIAL Corp grew 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 acquiring an additional 112,203 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

About Univest Corporation of Pennsylvania

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.