Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Natalye Paquin Acquires 682 Shares

Key Points

• Univest Corporation Director Natalye Paquin purchased 682 shares for a total of $19,252.86, increasing her ownership by 2.61% to approximately 26,788 shares.
• The company reported a quarterly earnings per share of $0.69, exceeding estimates, and had a quarterly revenue of $81.04 million, surpassing the consensus of $79.50 million.
• A $0.22 per share quarterly dividend will be paid on August 20th, representing an annualized yield of 3.1% and a payout ratio of 32.12%.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin purchased 682 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $28.23 per share, for a total transaction of $19,252.86. Following the completion of the acquisition, the director directly owned 26,788 shares of the company's stock, valued at approximately $756,225.24. This trade represents a 2.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ UVSP traded up $0.12 during mid-day trading on Friday, reaching $28.35. 21,905 shares of the company traded hands, compared to its average volume of 112,465. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86. The firm has a market cap of $816.62 million, a PE ratio of 10.34 and a beta of 0.76. The stock has a fifty day simple moving average of $30.19 and a 200-day simple moving average of $29.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. The firm had revenue of $81.04 million for the quarter, compared to analysts' expectations of $79.50 million. Equities research analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, August 6th. Univest Corporation of Pennsylvania's payout ratio is presently 32.12%.

Institutional Trading of Univest Corporation of Pennsylvania

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Univest Corporation of Pennsylvania by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 139,102 shares of the financial services provider's stock worth $4,105,000 after acquiring an additional 35,571 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Univest Corporation of Pennsylvania by 1.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 239,059 shares of the financial services provider's stock worth $7,055,000 after purchasing an additional 3,769 shares during the period. Trexquant Investment LP purchased a new position in Univest Corporation of Pennsylvania during the 4th quarter worth approximately $290,000. ExodusPoint Capital Management LP purchased a new position in Univest Corporation of Pennsylvania during the 4th quarter worth approximately $579,000. Finally, Wells Fargo & Company MN raised its stake in Univest Corporation of Pennsylvania by 24.7% during the 4th quarter. Wells Fargo & Company MN now owns 18,698 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 3,701 shares during the period. 75.07% of the stock is owned by hedge funds and other institutional investors.

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.