Univest Corporation of Pennsylvania $UVSP Shares Acquired by Creative Planning

Creative Planning lifted its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 24.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.25% of Univest Corporation of Pennsylvania worth $2,136,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth $4,953,000. Nuveen LLC acquired a new stake in shares of Univest Corporation of Pennsylvania in the first quarter valued at about $3,384,000. The Manufacturers Life Insurance Company boosted its holdings in Univest Corporation of Pennsylvania by 6.5% during 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 buying an additional 77,781 shares in the last quarter. Vanguard Group Inc. grew its position in Univest Corporation of Pennsylvania by 4.3% during 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 during the period. Finally, Jane Street Group LLC purchased a new position in Univest Corporation of Pennsylvania in the first quarter valued at about $1,467,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several research analyst reports. 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 lifted their price objective on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.50.

Univest Corporation of Pennsylvania Price Performance

UVSP stock opened at $32.34 on Wednesday. The stock’s 50 day moving average price is $30.09 and its 200 day moving average price is $30.29. The firm has a market cap of $920.91 million, a P/E ratio of 10.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly 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 return on equity of 9.55% and a net margin of 16.94%.The company had revenue of $62.30 million during the quarter. On average, sell-side analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is 29.33%.

About Univest Corporation of Pennsylvania

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.