AlphaQuest LLC Grows Position in Univest Corporation of Pennsylvania $UVSP

AlphaQuest LLC increased its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 140.6% in the second quarter, Holdings Channel.com reports. The firm owned 17,342 shares of the financial services provider’s stock after purchasing an additional 10,135 shares during the quarter. AlphaQuest LLC’s holdings in Univest Corporation of Pennsylvania were worth $521,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UVSP. Geneos Wealth Management Inc. lifted 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 valued at $76,000 after buying an additional 2,252 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider’s stock valued at $167,000 after buying an additional 1,076 shares in the last quarter. XTX Topco Ltd bought a new stake in Univest Corporation of Pennsylvania during the 1st quarter valued at about $221,000. Ieq Capital LLC bought a new stake in Univest Corporation of Pennsylvania during the 1st quarter valued at about $229,000. Finally, CWM LLC lifted its holdings in Univest Corporation of Pennsylvania by 26.6% during the 1st quarter. CWM LLC now owns 8,794 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,850 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Up 0.2%

NASDAQ UVSP opened at $30.34 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The firm has a market cap of $864.08 million, a PE ratio of 10.11 and a beta of 0.72. The company has a 50 day moving average price of $30.49 and a 200 day moving average price of $30.06. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $32.86.

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

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend 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 is 29.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UVSP shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.50.

Insider Activity at Univest Corporation of Pennsylvania

In other news, Director Thomas M. Petro sold 9,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value 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 represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

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.