Teacher Retirement System of Texas Sells 8,682 Shares of Univest Corporation of Pennsylvania $UVSP

Teacher Retirement System of Texas trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 24.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,205 shares of the financial services provider’s stock after selling 8,682 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Univest Corporation of Pennsylvania worth $787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Apexium Financial LP raised its stake in Univest Corporation of Pennsylvania by 3.4% during the first quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider’s stock valued at $435,000 after buying an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 703 shares during the last quarter. CWM LLC raised its position in shares of Univest Corporation of Pennsylvania by 11.5% in the 2nd quarter. CWM LLC now owns 9,804 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 1,010 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Univest Corporation of Pennsylvania by 22.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Univest Corporation of Pennsylvania by 4.1% during the 1st quarter. Victory Capital Management Inc. now owns 29,350 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.50.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ UVSP opened at $29.55 on Friday. The firm’s 50-day moving average price is $30.21 and its 200-day moving average price is $30.20. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86. The company has a market cap of $841.47 million, a PE ratio of 9.85 and a beta of 0.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The company had revenue of $62.30 million for the quarter. As a group, analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 29.33%.

Insider Activity

In related news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the sale, the director owned 50,193 shares of the company’s stock, valued at $1,593,627.75. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.

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.