Insider Buying: Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Acquires $19,525.55 in Stock

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

Univest Corporation of Pennsylvania Trading Up 0.6%

UVSP opened at $30.79 on Thursday. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The stock has a market capitalization of $876.78 million, a PE ratio of 10.26 and a beta of 0.76. The business’s 50 day moving average price is $30.15 and its 200 day moving average price is $30.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02.

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

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th will be issued a $0.22 dividend. 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 29.33%.

Institutional Trading of Univest Corporation of Pennsylvania

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in Univest Corporation of Pennsylvania in the third quarter valued at $34,000. Russell Investments Group Ltd. acquired a new stake in Univest Corporation of Pennsylvania in the 2nd quarter valued at about $42,000. Geneos Wealth Management Inc. boosted its stake in shares of Univest Corporation of Pennsylvania by 545.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,252 shares during the period. Osaic Holdings Inc. purchased a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC grew its position 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 buying an additional 1,324 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania has an average rating of “Hold” and a consensus target price of $32.50.

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.