AlphaQuest LLC Increases Position in Univest Corporation of Pennsylvania $UVSP

AlphaQuest LLC lifted its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 140.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,342 shares of the financial services provider’s stock after purchasing an additional 10,135 shares during the period. AlphaQuest LLC owned about 0.06% of Univest Corporation of Pennsylvania worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Apexium Financial LP increased its stake in shares of Univest Corporation of Pennsylvania by 3.4% in the first quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Univest Corporation of Pennsylvania by 4.3% in the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Univest Corporation of Pennsylvania by 10.2% in 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 in the last quarter. CWM LLC increased its stake in shares of Univest Corporation of Pennsylvania by 11.5% in the second 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Univest Corporation of Pennsylvania by 22.4% in the first 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. 75.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Univest Corporation of Pennsylvania

In other 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 value of $285,750.00. Following the completion of the sale, the director owned 50,193 shares in the company, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ:UVSP opened at $30.34 on Wednesday. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $32.86. The stock has a market capitalization of $864.08 million, a P/E ratio of 10.11 and a beta of 0.72. The firm has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $30.06. 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 EPS for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The business had revenue of $62.30 million during the quarter. On average, analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 29.33%.

Wall Street Analysts Forecast Growth

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

Univest Corporation of Pennsylvania 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.