Beach Investment Counsel Inc. PA reduced its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,786 shares of the financial services provider’s stock after selling 1,248 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Univest Corporation of Pennsylvania were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Univest Corporation of Pennsylvania during the first quarter worth approximately $181,000. Sei Investments Co. increased its stake in Univest Corporation of Pennsylvania by 33.7% in the second quarter. Sei Investments Co. now owns 9,868 shares of the financial services provider’s stock worth $296,000 after buying an additional 2,489 shares during the last quarter. Guggenheim Capital LLC increased its stake in Univest Corporation of Pennsylvania by 8.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,673 shares of the financial services provider’s stock worth $361,000 after buying an additional 921 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Univest Corporation of Pennsylvania by 15.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,428 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,761 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Univest Corporation of Pennsylvania during the first quarter worth about $408,000. 61.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at 30.20 on Monday. The stock has a market cap of $805.34 million, a P/E ratio of 27.21 and a beta of 0.69. Univest Corporation of Pennsylvania has a 52-week low of $21.48 and a 52-week high of $31.50. The firm has a 50-day moving average of $29.92 and a 200-day moving average of $28.54.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $51.31 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.09%. On average, equities analysts expect that Univest Corporation of Pennsylvania will post $1.74 EPS for the current fiscal year.

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A number of research firms have issued reports on UVSP. BidaskClub upgraded shares of Univest Corporation of Pennsylvania from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 target price on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Sandler O’Neill began coverage on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, April 12th. They issued a “buy” rating for the company.

In other news, Director Michael L. Turner sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total value of $59,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is owned by corporate insiders.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

Institutional Ownership by Quarter for Univest Corporation of Pennsylvania (NASDAQ:UVSP)

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