Connor Clark & Lunn Investment Management Ltd. Has $629,000 Stake in Univest Corporation of Pennsylvania $UVSP

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 21.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,927 shares of the financial services provider’s stock after selling 5,865 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Univest Corporation of Pennsylvania worth $629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UVSP. Geneos Wealth Management Inc. grew its holdings in Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,252 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Univest Corporation of Pennsylvania by 22.4% during 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 during the period. Cornerstone Investment Partners LLC bought a new stake in Univest Corporation of Pennsylvania in the second quarter valued at about $210,000. XTX Topco Ltd acquired a new position in Univest Corporation of Pennsylvania in the first quarter valued at about $221,000. Finally, Ieq Capital LLC acquired a new position in Univest Corporation of Pennsylvania in the first quarter valued at about $229,000. 75.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $30.14 on Thursday. The firm has a market cap of $858.27 million, a P/E ratio of 10.05 and a beta of 0.76. Univest Corporation of Pennsylvania has a twelve month low of $22.83 and a twelve month high of $32.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $30.05 and its two-hundred day moving average price is $30.26.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $62.30 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were issued 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 was Wednesday, November 5th. Univest Corporation of Pennsylvania’s payout ratio is 29.33%.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In related news, Director Thomas M. Petro sold 9,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total transaction of $285,750.00. Following the completion of the transaction, the director directly owned 50,193 shares in the company, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.