Creative Planning Buys 13,939 Shares of Univest Corporation of Pennsylvania $UVSP

Creative Planning raised its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 24.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,105 shares of the financial services provider’s stock after buying an additional 13,939 shares during the quarter. Creative Planning owned about 0.25% of Univest Corporation of Pennsylvania worth $2,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH purchased a new position in Univest Corporation of Pennsylvania during the first quarter valued at approximately $4,953,000. Nuveen LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter valued at $3,384,000. The Manufacturers Life Insurance Company increased its holdings in shares of Univest Corporation of Pennsylvania by 6.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,282,311 shares of the financial services provider’s stock worth $36,366,000 after purchasing an additional 77,781 shares during the period. Vanguard Group Inc. raised its position in shares of 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 worth $48,077,000 after buying an additional 69,462 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Univest Corporation of Pennsylvania during the first quarter valued at $1,467,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UVSP has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday, October 14th. Keefe, Bruyette & Woods raised 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 research report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Univest Corporation of Pennsylvania has an average rating of “Hold” and a consensus price target of $32.50.

Univest Corporation of Pennsylvania Price Performance

UVSP stock opened at $32.34 on Wednesday. The firm’s 50-day moving average price is $30.09 and its two-hundred day moving average price is $30.29. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The stock has a market capitalization of $920.91 million, a price-to-earnings ratio of 10.78 and a beta of 0.76. 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 posted its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The company had revenue of $62.30 million during the quarter. As a group, equities analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 29.33%.

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.