SG Americas Securities LLC Acquires New Stake in Univest Corporation of Pennsylvania $UVSP

SG Americas Securities LLC bought a new position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,475 shares of the financial services provider’s stock, valued at approximately $675,000. SG Americas Securities LLC owned about 0.08% of Univest Corporation of Pennsylvania as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Univest Corporation of Pennsylvania by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock worth $672,000 after buying an additional 369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $487,000 after acquiring an additional 703 shares during the period. Savant Capital LLC increased its stake in shares of Univest Corporation of Pennsylvania by 8.8% in the 2nd quarter. Savant Capital LLC now owns 10,457 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 846 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Univest Corporation of Pennsylvania by 14.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,958 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 892 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Univest Corporation of Pennsylvania by 5.6% during the second quarter. First Trust Advisors LP now owns 18,703 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Stock Up 5.6%

NASDAQ UVSP opened at $34.74 on Thursday. Univest Corporation of Pennsylvania has a 12 month low of $22.83 and a 12 month high of $35.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The stock has a market cap of $989.40 million, a PE ratio of 11.58 and a beta of 0.67. The stock’s 50 day moving average is $32.90 and its 200 day moving average is $31.24.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.13. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The firm had revenue of $26.25 million for the quarter, compared to analysts’ expectations of $81.75 million. Research analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Monday, December 29th. Piper Sandler started coverage on shares of Univest Corporation of Pennsylvania in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Zacks Research upgraded shares of Univest Corporation of Pennsylvania to a “hold” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Univest Corporation of Pennsylvania has an average rating of “Hold” and an average target price of $33.00.

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.