Key Points
- Natalye Paquin sold 13,000 shares of Univest on April 27 at an average price of $37.80 for about $491,400, cutting her position by 43.33% to 17,004 shares.
- Univest beat Q1 expectations, reporting $0.96 EPS versus a $0.84 consensus and revenue of $87.45 million versus $84.85 million estimated.
- Quarterly dividend increased to $0.23 (from $0.22), implying a $0.92 annualized payout and ~2.4% yield; record date is May 6 and payable May 20.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin sold 13,000 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the sale, the director directly owned 17,004 shares of the company's stock, valued at approximately $642,751.20. This trade represents a 43.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Natalye Paquin also recently made the following trade(s):
- On Monday, February 2nd, Natalye Paquin acquired 580 shares of Univest Corporation of Pennsylvania stock. The stock was purchased at an average cost of $34.58 per share, for a total transaction of $20,056.40.
Univest Corporation of Pennsylvania Stock Up 0.4%
Shares of UVSP opened at $37.73 on Tuesday. Univest Corporation of Pennsylvania has a one year low of $27.91 and a one year high of $38.71. The company has a market cap of $1.06 billion, a P/E ratio of 11.33 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $34.89 and a two-hundred day simple moving average of $33.25.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.12. The firm had revenue of $87.45 million for the quarter, compared to the consensus estimate of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.25% and a net margin of 18.25%. Research analysts forecast that Univest Corporation of Pennsylvania will post 3.4 EPS for the current fiscal 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. The ex-dividend date is Wednesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.4%. This is an increase from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania's dividend payout ratio is currently 26.43%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $487,000 after acquiring an additional 703 shares during the last quarter. Empowered Funds LLC boosted its stake 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 valued at $2,907,000 after purchasing an additional 4,087 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Univest Corporation of Pennsylvania during the first quarter valued at about $1,467,000. Geneos Wealth Management Inc. grew its holdings 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 during the last quarter. Finally, Legal & General Group Plc grew its holdings 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 during the last quarter. 75.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
UVSP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price 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. Weiss Ratings restated a "buy (b)" rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $37.00.
Get Our Latest Stock Report on UVSP
About Univest Corporation of Pennsylvania
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
