Jeffrey Schweitzer, President & CEO of Univest Corporation, purchased 3,638 shares of Univest (Stock Symbol: UVSP) at $18.15 per share for a total amount of $66 thousand on February 06, 2014.
Univest Corporation is headquartered in Souderton, PA.
On 01/27/2014, Univest completed acquisition of Girard Partners, Ltd. and significantly expanded advisory services.
On 01/22/2014, Univest announced its latest quarterly and annual results. Univest reported net income of $4.9 million or $0.30 diluted earnings per share for the quarter ended December 31, 2013, a 3% decrease from reported net income of $5.1 million or $0.30 diluted earnings per share for the quarter ended December 31, 2012. Net income for the year ended December 31, 2013 was $21.2 million or $1.27 diluted earnings per share, a 2% increase in net income compared to $20.9 million or $1.24 diluted earnings per share for the comparable period in the prior year.
According to Capital IQ, Univest Corporation of Pennsylvania has a market cap of $296.10 million, an enterprise value of $333.37 million, and trailing 12 month revenues of $109.88 million.
Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co. that provides various commercial and retail banking, community banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. The company generates deposit products, including non interest-bearing demand deposits, interest-bearing checking deposits, money market savings accounts, regular savings accounts, and time deposits. Its loan and lease portfolio consists of commercial, financial, and agricultural loans; construction loans; commercial and residential real estate loans; loans to individuals; and municipal loans and leases. The company also offers lease financing, financial planning, investment management, insurance products, and brokerage services; and investment advisory services comprising discretionary investment consulting and management services. Univest Corporation of Pennsylvania serves its customers primarily in Bucks, Montgomery, Chester, and Lehigh counties of Pennsylvania through 32 banking offices, as well as provides banking and trust services to the residents and employees of 12 retirement communities. The company was founded in 1973 and is headquartered in Souderton, Pennsylvania.
Jeffrey Schweitzer’s most recent annual compensation from Univest is a salary of $275,000, $155,403 in other compensation, and a total compensation of $502,893. Mr. Schweitzer is 39 years old.
According to his biography, Mr. Jeffrey M. Schweitzer, CPA, has been appointed as President, Chief Executive Officer, Director of Univest Corp of Pennsylvania., and Senior Executive Vice President of Univest Bank and Trust Co., a subsidiary of the Company effective January 1, 2014. Previously he served as President, Chief Operating Officer, Director of the Company and Senior Executive Vice President of Univest Bank and Trust Co. He was appointed as President of the company effective January 1, 2013. Schweitzer joined Univest in October, 2007 as executive vice president and chief financial officer for Univest Corporation and Univest Bank and Trust Co. In January, 2011, Schweitzer was promoted to senior executive vice president and chief financial officer of Univest Corporation and Univest Bank and Trust Co. He will retain this role in addition to his new responsibility as chief operating officer, which encompasses managing financial risks, record-keeping initiatives, developing and implementing strategic financial plans, overseeing various support functions and niche lines of business including all of Univest’s technology and operational areas.
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