Key Points
- Director Natalye Paquin bought 655 shares on Nov. 10 at an average price of $29.81 (total $19,525.55), bringing her direct stake to 27,515 shares — a 2.44% increase — as disclosed in an SEC Form 4 filing.
- The company declared a quarterly dividend of $0.22 per share (annualized $0.88) with an ex-dividend date of Nov. 5 and a payment date of Nov. 19, implying a yield of about 2.9% and a payout ratio of 29.33%.
- UVSP trades around $30.50 with a market cap of ~$869M and a PE of 10.18; analysts have an average rating of "Hold" and a $32.50 average price target (Keefe, Bruyette & Woods raised its target to $34).
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin purchased 655 shares of the firm's stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of $29.81 per share, with a total value of $19,525.55. Following the transaction, the director directly owned 27,515 shares in the company, valued at $820,222.15. This trade represents a 2.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Univest Corporation of Pennsylvania Price Performance
UVSP stock opened at $30.53 on Tuesday. 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 one year low of $22.83 and a one year high of $32.86. The firm has a market capitalization of $869.37 million, a PE ratio of 10.18 and a beta of 0.76. The firm has a 50-day moving average of $30.19 and a two-hundred day moving average of $30.23.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The business had revenue of $62.30 million for the quarter. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.
Univest Corporation of Pennsylvania Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, November 5th. Univest Corporation of Pennsylvania's payout ratio is presently 29.33%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on UVSP shares. Keefe, Bruyette & Woods increased their target price on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, October 24th. Weiss Ratings reissued a "buy (b-)" rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Univest Corporation of Pennsylvania currently has an average rating of "Hold" and an average price target of $32.50.
Check Out Our Latest Report on UVSP
Hedge Funds Weigh In On Univest Corporation of Pennsylvania
Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Univest Corporation of Pennsylvania during the third quarter worth $34,000. Russell Investments Group Ltd. acquired a new position in Univest Corporation of Pennsylvania in the 2nd quarter worth about $42,000. Geneos Wealth Management Inc. raised its stake in shares of Univest Corporation of Pennsylvania by 545.3% during the 1st 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. Osaic Holdings Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider's stock valued at $97,000 after buying an additional 1,324 shares during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.
About Univest Corporation of Pennsylvania
(
Get Free Report)
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.
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