Univest Co. of Pennsylvania (UVSP) Director Glenn E. Moyer Purchases 1,000 Shares

Univest Co. of Pennsylvania (NASDAQ:UVSP) Director Glenn E. Moyer bought 1,000 shares of the stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average price of $24.90 per share, for a total transaction of $24,900.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

NASDAQ:UVSP traded up $0.40 during trading hours on Thursday, reaching $25.05. 3,043 shares of the company were exchanged, compared to its average volume of 105,681. The company has a market capitalization of $743.13 million, a P/E ratio of 14.92 and a beta of 0.56. Univest Co. of Pennsylvania has a 1-year low of $22.11 and a 1-year high of $31.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $55.28 million for the quarter, compared to the consensus estimate of $54.80 million. Univest Co. of Pennsylvania had a return on equity of 8.09% and a net margin of 17.57%. On average, sell-side analysts anticipate that Univest Co. of Pennsylvania will post 1.61 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. ValuEngine lowered Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, BidaskClub lowered Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in Univest Co. of Pennsylvania by 57.8% during the second quarter. Wells Fargo & Company MN now owns 278,467 shares of the financial services provider’s stock worth $7,658,000 after buying an additional 102,009 shares in the last quarter. FMR LLC grew its position in Univest Co. of Pennsylvania by 5.7% during the second quarter. FMR LLC now owns 1,117,457 shares of the financial services provider’s stock worth $30,730,000 after buying an additional 60,220 shares in the last quarter. California Public Employees Retirement System grew its position in Univest Co. of Pennsylvania by 115.2% during the second quarter. California Public Employees Retirement System now owns 75,089 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 40,203 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Univest Co. of Pennsylvania during the third quarter worth approximately $2,021,000. Finally, First Trust Advisors LP grew its position in Univest Co. of Pennsylvania by 22.8% during the second quarter. First Trust Advisors LP now owns 41,633 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 7,737 shares in the last quarter. 67.09% of the stock is currently owned by institutional investors and hedge funds.

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About Univest Co. of Pennsylvania

Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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