Vanguard Group Inc. Has $54.45 Million Stock Position in Univest Corporation of Pennsylvania $UVSP

Vanguard Group Inc. decreased its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,663,013 shares of the financial services provider’s stock after selling 78,925 shares during the period. Vanguard Group Inc. owned about 0.06% of Univest Corporation of Pennsylvania worth $54,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UVSP. State of Alaska Department of Revenue acquired a new position in shares of Univest Corporation of Pennsylvania in the 3rd quarter valued at $34,000. Russell Investments Group Ltd. acquired a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. grew its holdings in shares of Univest Corporation of Pennsylvania by 545.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,252 shares during the period. Osaic Holdings Inc. acquired a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at $91,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Univest Corporation of Pennsylvania by 69.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after buying an additional 1,324 shares during the period. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price target on shares of Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.00.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ UVSP opened at $37.63 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of 11.30 and a beta of 0.67. 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 has a 1-year low of $27.91 and a 1-year high of $39.06. The company has a fifty day moving average price of $35.76 and a 200 day moving average price of $33.96.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The firm had revenue of $87.45 million during the quarter, compared to analyst estimates of $84.85 million. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. Research analysts predict that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 6th. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 27.63%.

Insiders Place Their Bets

In related news, Director Natalye Paquin sold 13,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $37.80, for a total value of $491,400.00. Following the completion of the transaction, the director directly owned 17,004 shares of the company’s stock, valued at approximately $642,751.20. This represents a 43.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael S. Keim sold 7,245 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total transaction of $280,453.95. Following the completion of the transaction, the chief operating officer directly owned 66,979 shares of the company’s stock, valued at approximately $2,592,757.09. The trade was a 9.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.83% of the stock is currently owned by corporate insiders.

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.