SG Americas Securities LLC increased its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP – Free Report) by 359.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,155 shares of the financial services provider’s stock after purchasing an additional 77,594 shares during the quarter. SG Americas Securities LLC’s holdings in Univest Corporation of Pennsylvania were worth $3,397,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in Univest Corporation of Pennsylvania by 1.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 17,012 shares of the financial services provider’s stock worth $557,000 after buying an additional 295 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Univest Corporation of Pennsylvania by 1.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 703 shares during the period. Martingale Asset Management L P increased its holdings in shares of Univest Corporation of Pennsylvania by 0.9% during the 3rd quarter. Martingale Asset Management L P now owns 79,091 shares of the financial services provider’s stock worth $2,374,000 after acquiring an additional 731 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 2.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 38,049 shares of the financial services provider’s stock worth $1,254,000 after acquiring an additional 768 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Univest Corporation of Pennsylvania
In other news, Director Natalye Paquin sold 13,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the completion of the sale, the director owned 17,004 shares of the company’s stock, valued at approximately $642,751.20. This trade represents a 43.33% 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. Also, CFO Brian J. Richardson sold 2,090 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.90, for a total transaction of $85,481.00. Following the completion of the sale, the chief financial officer directly 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. In the last 90 days, insiders sold 36,268 shares of company stock valued at $1,427,334. Corporate insiders own 1.83% of the company’s stock.
Univest Corporation of Pennsylvania Trading Down 1.0%
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12. The company had revenue of $87.45 million for the quarter, compared to the consensus estimate of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.19% and a net margin of 18.25%. As a group, analysts predict that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current year.
Univest Corporation of Pennsylvania Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a $0.23 dividend. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.1%. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 27.63%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Univest Corporation of Pennsylvania has an average rating of “Hold” and a consensus price target of $37.00.
View Our Latest Stock Analysis on Univest Corporation of Pennsylvania
About Univest Corporation of Pennsylvania
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.
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