Univest Corporation of Pennsylvania (NASDAQ:UVSP) Director Acquires $19,252.86 in Stock

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 bought 682 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $28.23 per share, with a total value of $19,252.86. Following the completion of the transaction, the director owned 26,788 shares in the company, valued at approximately $756,225.24. This trade represents a 2.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ UVSP traded up $0.49 during trading hours on Monday, reaching $28.61. The stock had a trading volume of 63,070 shares, compared to its average volume of 112,951. The firm has a market cap of $824.11 million, a price-to-earnings ratio of 10.43 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. 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 50-day moving average of $30.29 and a 200-day moving average of $29.63.

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

Univest Corporation of Pennsylvania Announces Dividend

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 paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 3.1%. Univest Corporation of Pennsylvania's dividend payout ratio is currently 32.12%.

Institutional Trading of Univest Corporation of Pennsylvania

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in shares of Univest Corporation of Pennsylvania by 161.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock worth $30,000 after buying an additional 619 shares in the last quarter. 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 buying an additional 2,252 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock worth $167,000 after buying an additional 1,076 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $221,000. Finally, Ieq Capital LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $229,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Company Profile

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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