Royce & Associates LP Has $2.57 Million Stake in Univest Corporation of Pennsylvania $UVSP

Royce & Associates LP decreased its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,556 shares of the financial services provider’s stock after selling 41,802 shares during the quarter. Royce & Associates LP’s holdings in Univest Corporation of Pennsylvania were worth $2,572,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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 acquiring an additional 2,252 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at $91,000. Tower Research Capital LLC TRC boosted its holdings in shares of Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,324 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 18.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,774 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Univest Corporation of Pennsylvania Stock Up 0.2%

Shares of UVSP opened at $39.44 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of 11.84 and a beta of 0.67. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $40.17. The stock’s 50-day moving average price is $37.00 and its two-hundred day moving average price is $34.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12. The firm 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%. On average, analysts anticipate that Univest Corporation of Pennsylvania will post 3.6 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, May 6th. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 27.63%.

Insider Transactions at Univest Corporation of Pennsylvania

In other news, COO Michael S. Keim sold 7,245 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total value of $280,453.95. Following the transaction, the chief operating officer directly owned 66,979 shares of the company’s stock, valued at $2,592,757.09. The trade was a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Natalye Paquin sold 13,000 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $37.80, for a total value of $491,400.00. Following the completion of the transaction, the director directly owned 17,004 shares in the company, valued at $642,751.20. This represents a 43.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.83% of the stock is owned by insiders.

Univest Corporation of Pennsylvania Company Profile

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.