Los Angeles Capital Management LLC Has $580,000 Position in Univest Corporation of Pennsylvania $UVSP

Los Angeles Capital Management LLC reduced its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 17.3% during the second quarter, Holdings Channel.com reports. The fund owned 19,315 shares of the financial services provider’s stock after selling 4,030 shares during the period. Los Angeles Capital Management LLC’s holdings in Univest Corporation of Pennsylvania were worth $580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 8.0% in the 1st quarter. American Century Companies Inc. now owns 682,823 shares of the financial services provider’s stock worth $19,365,000 after purchasing an additional 50,469 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Univest Corporation of Pennsylvania during the first quarter worth $361,000. Vanguard Group Inc. lifted its holdings in Univest Corporation of Pennsylvania by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider’s stock valued at $48,077,000 after buying an additional 69,462 shares during the period. CWM LLC lifted its holdings in Univest Corporation of Pennsylvania by 26.6% in the first 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 during the period. Finally, Victory Capital Management Inc. boosted its position in Univest Corporation of Pennsylvania by 4.1% during the first quarter. Victory Capital Management Inc. now owns 29,350 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UVSP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price target on 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.50.

Insider Activity at Univest Corporation of Pennsylvania

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director owned 50,193 shares of the company’s stock, valued at $1,593,627.75. The trade was a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

Univest Corporation of Pennsylvania Trading Up 0.4%

Shares of Univest Corporation of Pennsylvania stock opened at $30.75 on Friday. The company has a market capitalization of $875.64 million, a P/E ratio of 10.25 and a beta of 0.76. The stock has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $30.26. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14.

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

Univest Corporation of Pennsylvania Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors 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 yield of 2.9%. The ex-dividend date is Wednesday, November 5th. Univest Corporation of Pennsylvania’s payout ratio is currently 29.33%.

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.