Univest Corporation of Pennsylvania $UVSP Stock: UNIVEST FINANCIAL Corp Trims Holdings

UNIVEST FINANCIAL Corp decreased its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,989 shares of the financial services provider’s stock after selling 18,444 shares during the quarter. Univest Corporation of Pennsylvania accounts for about 0.9% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 19th biggest position. UNIVEST FINANCIAL Corp owned about 1.76% of Univest Corporation of Pennsylvania worth $19,875,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UVSP. Ethic Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania in the 3rd quarter worth approximately $516,000. Parallel Advisors LLC grew its holdings in Univest Corporation of Pennsylvania by 18.2% in the third quarter. Parallel Advisors LLC now owns 2,688 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 414 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Univest Corporation of Pennsylvania in the third quarter valued at $372,000. Compass Ion Advisors LLC increased its position in shares of Univest Corporation of Pennsylvania by 1.1% in the third quarter. Compass Ion Advisors LLC now owns 37,664 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 409 shares in the last quarter. Finally, Bernardo Wealth Planning LLC increased its position in shares of Univest Corporation of Pennsylvania by 100.4% in the third quarter. Bernardo Wealth Planning LLC now owns 48,632 shares of the financial services provider’s stock valued at $1,993,000 after buying an additional 24,361 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UVSP. Zacks Research lowered shares of Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Keefe, Bruyette & Woods raised their target price on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Piper Sandler restated a “neutral” rating and set a $45.00 target price (down from $46.00) on shares of Univest Corporation of Pennsylvania in a research report on Monday. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Univest Corporation of Pennsylvania in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Univest Corporation of Pennsylvania Stock Up 0.0%

UVSP opened at $40.85 on Thursday. The firm has a market cap of $1.11 billion, a P/E ratio of 12.19 and a beta of 0.68. The business’s fifty day simple moving average is $41.55 and its 200 day simple moving average is $39.51. Univest Corporation of Pennsylvania has a 52 week low of $28.20 and a 52 week high of $45.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.20). Univest Corporation of Pennsylvania had a net margin of 17.95% and a return on equity of 9.94%. The firm had revenue of $90.03 million during the quarter, compared to analysts’ expectations of $90.55 million. As a group, equities research analysts anticipate that Univest Corporation of Pennsylvania will post 3.64 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Univest Corporation of Pennsylvania’s payout ratio is currently 27.46%.

Univest Corporation of Pennsylvania Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Its history dates to 1876, when the community bank that became Univest was established in the area. Through Univest Bank and Trust Co. and other subsidiaries, the company provides commercial and consumer banking, mortgage lending, wealth management and trust services, and insurance. Its offerings serve individuals, businesses, nonprofits, and other organizations. Univest primarily serves southeastern Pennsylvania, including communities in the greater Philadelphia region and surrounding areas.