Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin Acquires 655 Shares

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin purchased 655 shares of the company’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $29.81 per share, for a total transaction of $19,525.55. Following the completion of the purchase, the director owned 27,515 shares of the company’s stock, valued at approximately $820,222.15. This trade represents a 2.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Univest Corporation of Pennsylvania Trading Up 3.1%

Shares of NASDAQ:UVSP traded up $0.93 during mid-day trading on Monday, hitting $30.48. The company had a trading volume of 63,879 shares, compared to its average volume of 108,599. The company has a market capitalization of $867.95 million, a PE ratio of 10.16 and a beta of 0.76. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The firm has a fifty day moving average price of $30.21 and a 200 day moving average price of $30.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $62.30 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 9.55% and a net margin of 16.94%. As a group, research analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Univest Corporation of Pennsylvania’s dividend payout ratio is 29.33%.

Analysts Set New Price Targets

UVSP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and an average price target of $32.50.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of hedge funds and other institutional investors have recently bought and sold shares of UVSP. State of Alaska Department of Revenue bought a new stake in Univest Corporation of Pennsylvania during the 3rd quarter valued at $34,000. Russell Investments Group Ltd. purchased a new position in shares of Univest Corporation of Pennsylvania in the second quarter valued at about $42,000. Geneos Wealth Management Inc. raised its stake 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 valued at $76,000 after acquiring an additional 2,252 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Univest Corporation of Pennsylvania during the second quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Univest Corporation of Pennsylvania by 69.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,324 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

About Univest Corporation of Pennsylvania

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.