Quantinno Capital Management LP Acquires 11,664 Shares of Univest Corporation of Pennsylvania $UVSP

Quantinno Capital Management LP grew its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 60.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,070 shares of the financial services provider’s stock after buying an additional 11,664 shares during the period. Quantinno Capital Management LP’s holdings in Univest Corporation of Pennsylvania were worth $1,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. UNIVEST FINANCIAL Corp lifted its holdings in shares of Univest Corporation of Pennsylvania by 22.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 617,526 shares of the financial services provider’s stock valued at $20,218,000 after acquiring an additional 112,203 shares during the last quarter. SG Americas Securities LLC increased its stake in Univest Corporation of Pennsylvania by 359.9% during the first quarter. SG Americas Securities LLC now owns 99,155 shares of the financial services provider’s stock worth $3,397,000 after acquiring an additional 77,594 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Univest Corporation of Pennsylvania during the first quarter worth approximately $1,246,000. Sei Investments Co. raised its position in Univest Corporation of Pennsylvania by 12.1% during the first quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider’s stock valued at $9,311,000 after purchasing an additional 29,247 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Univest Corporation of Pennsylvania during the first quarter valued at approximately $8,819,000. 75.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey M. Schweitzer sold 13,933 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the sale, the chief executive officer directly owned 110,513 shares of the company’s stock, valued at approximately $4,521,086.83. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian J. Richardson sold 2,090 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.90, for a total value of $85,481.00. Following the transaction, the chief financial officer owned 24,228 shares of the company’s stock, valued at approximately $990,925.20. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 24,023 shares of company stock valued at $999,720. 1.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UVSP has been the subject of several analyst reports. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Zacks Research upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised their price target on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Univest Corporation of Pennsylvania has a consensus rating of “Buy” and a consensus target price of $40.50.

Univest Corporation of Pennsylvania Price Performance

UVSP stock opened at $43.16 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of 12.47 and a beta of 0.66. Univest Corporation of Pennsylvania has a 12 month low of $28.03 and a 12 month high of $45.46. The company has a 50-day moving average price of $43.42 and a 200 day moving average price of $38.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $89.59 million during the quarter, compared to analysts’ expectations of $86.66 million. Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%. Equities research analysts anticipate that Univest Corporation of Pennsylvania will post 3.67 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. Univest Corporation of Pennsylvania’s dividend payout ratio is currently 26.59%.

Univest Corporation of Pennsylvania Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.