Hsbc Holdings PLC Takes Position in Univest Corporation of Pennsylvania $UVSP

Hsbc Holdings PLC acquired a new position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,807 shares of the financial services provider’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Univest Corporation of Pennsylvania in the 2nd quarter valued at about $42,000. Geneos Wealth Management Inc. increased its position in Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,252 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Univest Corporation of Pennsylvania during the second quarter worth approximately $91,000. Tower Research Capital LLC TRC raised its stake in Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after buying an additional 1,324 shares during the period. Finally, Mariner LLC bought a new stake in Univest Corporation of Pennsylvania in the fourth quarter valued at approximately $211,000. 75.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian J. Richardson sold 2,090 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $40.90, for a total value of $85,481.00. Following the completion of the transaction, the chief financial officer owned 24,228 shares of the company’s stock, valued at $990,925.20. The trade was a 7.94% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the sale, the director directly owned 17,004 shares of the company’s stock, valued at $642,751.20. This represents a 43.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,268 shares of company stock worth $1,427,334 over the last three months. Company insiders own 1.83% of the company’s stock.

Univest Corporation of Pennsylvania Trading Up 2.6%

Shares of UVSP stock opened at $45.21 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 13.58 and a beta of 0.66. Univest Corporation of Pennsylvania has a 1 year low of $27.91 and a 1 year high of $45.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $41.38 and a 200 day simple moving average of $37.03.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. The firm had revenue of $87.45 million for the quarter, compared to analyst estimates 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, research analysts predict that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were given a $0.23 dividend. The ex-dividend date was Wednesday, May 6th. This is an increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 27.63%.

Analysts Set New Price Targets

Several research analysts have recently 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 research note on Friday, April 24th. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.