Geode Capital Management LLC Increases Position in Univest Corporation of Pennsylvania $UVSP

Geode Capital Management LLC boosted its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773,731 shares of the financial services provider’s stock after acquiring an additional 36,662 shares during the quarter. Geode Capital Management LLC owned 2.69% of Univest Corporation of Pennsylvania worth $23,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UVSP. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Univest Corporation of Pennsylvania in the 1st quarter worth about $361,000. XTX Topco Ltd bought a new stake in Univest Corporation of Pennsylvania in the 1st quarter worth approximately $221,000. PNC Financial Services Group Inc. boosted its stake 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 buying an additional 1,076 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 valued at $48,077,000 after acquiring an additional 69,462 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Univest Corporation of Pennsylvania by 8.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,792 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.50.

Univest Corporation of Pennsylvania Stock Performance

NASDAQ:UVSP opened at $31.79 on Friday. 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 fifty-two week low of $22.83 and a fifty-two week high of $32.86. The firm has a market cap of $905.11 million, a PE ratio of 10.60 and a beta of 0.76. The business has a 50 day moving average price of $30.14 and a 200-day moving average price of $30.31.

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

Univest Corporation of Pennsylvania 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.