Swiss National Bank increased its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,278 shares of the financial services provider’s stock after buying an additional 3,600 shares during the period. Swiss National Bank owned 0.17% of Univest Corporation of Pennsylvania worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania in the second quarter valued at approximately $633,000. Victory Capital Management Inc. raised its position in shares of Univest Corporation of Pennsylvania by 5.5% in the second quarter. Victory Capital Management Inc. now owns 65,419 shares of the financial services provider’s stock valued at $1,959,000 after buying an additional 3,392 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Univest Corporation of Pennsylvania by 518.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after buying an additional 3,195 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Univest Corporation of Pennsylvania by 149.8% in the second quarter. Bank of New York Mellon Corp now owns 501,929 shares of the financial services provider’s stock valued at $15,033,000 after buying an additional 300,970 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Univest Corporation of Pennsylvania by 12.5% in the second quarter. Alpine Woods Capital Investors LLC now owns 18,000 shares of the financial services provider’s stock valued at $539,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 61.73% of the company’s stock.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) opened at 31.50 on Friday. Univest Corporation of Pennsylvania has a 12 month low of $22.75 and a 12 month high of $32.35. The firm’s 50-day moving average is $30.27 and its 200 day moving average is $29.32. The firm has a market capitalization of $839.92 million, a P/E ratio of 28.40 and a beta of 0.69.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.04%. The firm had revenue of $51.31 million during the quarter. On average, analysts expect that Univest Corporation of Pennsylvania will post $1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.54%. The ex-dividend date was Tuesday, September 12th. Univest Corporation of Pennsylvania’s payout ratio is 72.07%.

A number of research firms have recently weighed in on UVSP. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Sandler O’Neill downgraded shares of Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Monday, September 25th. Finally, ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

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Univest Corporation of Pennsylvania Company Profile

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.

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

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