Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Purchases $20,056.40 in Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin purchased 580 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $34.58 per share, for a total transaction of $20,056.40. Following the acquisition, the director owned 29,932 shares of the company’s stock, valued at $1,035,048.56. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, November 10th, Natalye Paquin acquired 655 shares of Univest Corporation of Pennsylvania stock. The stock was bought at an average price of $29.81 per share, with a total value of $19,525.55.

Univest Corporation of Pennsylvania Trading Up 0.1%

Shares of UVSP opened at $35.45 on Friday. The firm’s 50-day moving average price is $33.59 and its 200-day moving average price is $31.42. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 11.29 and a beta of 0.69. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. Univest Corporation of Pennsylvania has a 1-year low of $22.83 and a 1-year high of $36.00.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $84.57 million during the quarter, compared to the consensus estimate of $82.54 million. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.89%. Sell-side analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. Univest Corporation of Pennsylvania’s payout ratio is currently 28.03%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Univest Corporation of Pennsylvania by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock valued at $672,000 after buying an additional 369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Univest Corporation of Pennsylvania by 4.3% in 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 acquiring an additional 703 shares in the last quarter. Martingale Asset Management L P boosted its stake in Univest Corporation of Pennsylvania by 0.9% during the 3rd quarter. Martingale Asset Management L P now owns 79,091 shares of the financial services provider’s stock valued at $2,374,000 after purchasing an additional 731 shares during the last quarter. Strs Ohio increased its holdings in shares of Univest Corporation of Pennsylvania by 3.8% in the 3rd quarter. Strs Ohio now owns 21,800 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 800 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 8.8% in the 2nd quarter. Savant Capital LLC now owns 10,457 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 846 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on UVSP. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on shares of Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday. Zacks Research upgraded shares of Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. Finally, Piper Sandler assumed coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.00.

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.