Bernardo Wealth Planning LLC Has $621,000 Stake in Univest Corporation of Pennsylvania $UVSP

Bernardo Wealth Planning LLC raised its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 73.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,688 shares of the financial services provider’s stock after buying an additional 8,755 shares during the quarter. Bernardo Wealth Planning LLC owned 0.07% of Univest Corporation of Pennsylvania worth $621,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Univest Corporation of Pennsylvania in the first quarter worth approximately $361,000. XTX Topco Ltd bought a new stake in Univest Corporation of Pennsylvania in the first quarter worth approximately $221,000. PNC Financial Services Group Inc. grew its position in Univest Corporation of Pennsylvania by 22.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 1,076 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider’s stock worth $48,077,000 after purchasing an additional 69,462 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Univest Corporation of Pennsylvania by 8.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,792 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 2,070 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Price Performance

Shares of Univest Corporation of Pennsylvania stock opened at $31.79 on Friday. The stock has a market capitalization of $905.11 million, a price-to-earnings ratio of 10.60 and a beta of 0.76. The firm’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $30.31. 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 has a 1-year low of $22.83 and a 1-year high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $62.30 million for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. On average, equities analysts predict 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 was paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th were given a $0.22 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. Univest Corporation of Pennsylvania’s dividend payout ratio is currently 29.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UVSP. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday. Keefe, Bruyette & Woods upped their target price 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.50.

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.