Apexium Financial LP Trims Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Apexium Financial LP lowered its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,973 shares of the financial services provider’s stock after selling 379 shares during the quarter. Apexium Financial LP’s holdings in Univest Corporation of Pennsylvania were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UVSP. GAMMA Investing LLC raised its stake in shares of Univest Corporation of Pennsylvania by 5,981.4% during the first quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 11,604 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Univest Corporation of Pennsylvania by 15.3% during the first quarter. Wedge Capital Management L L P NC now owns 26,797 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 3,558 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Univest Corporation of Pennsylvania by 107.7% during the first quarter. SG Americas Securities LLC now owns 20,108 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 10,426 shares during the last quarter. Everhart Financial Group Inc. raised its stake in shares of Univest Corporation of Pennsylvania by 2.9% during the first quarter. Everhart Financial Group Inc. now owns 28,449 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 810 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Univest Corporation of Pennsylvania by 10.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Insider Activity

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director directly owned 50,193 shares of the company’s stock, valued at $1,593,627.75. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Univest Corporation of Pennsylvania Trading Up 1.0%

Shares of UVSP stock opened at $29.85 on Friday. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86. The stock has a market cap of $859.98 million, a P/E ratio of 10.89 and a beta of 0.72. The business has a fifty day simple moving average of $30.36 and a 200-day simple moving average of $29.82. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%.The business had revenue of $81.04 million during the quarter, compared to analysts’ expectations of $79.50 million. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Wednesday, August 6th. Univest Corporation of Pennsylvania’s dividend payout ratio is 32.12%.

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.