Arrowstreet Capital Limited Partnership Increases Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Arrowstreet Capital Limited Partnership boosted its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 26.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 359,737 shares of the financial services provider’s stock after buying an additional 76,242 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.25% of Univest Corporation of Pennsylvania worth $10,806,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Apexium Financial LP increased its stake in Univest Corporation of Pennsylvania by 3.4% in the 1st quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider’s stock valued at $435,000 after buying an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock worth $487,000 after buying an additional 703 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Univest Corporation of Pennsylvania by 8.8% in the second quarter. Savant Capital LLC now owns 10,457 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 846 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Univest Corporation of Pennsylvania by 14.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,958 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 892 shares during the last quarter. Finally, CWM LLC increased its position in shares of Univest Corporation of Pennsylvania by 11.5% during the second quarter. CWM LLC now owns 9,804 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 1,010 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.

Univest Corporation of Pennsylvania Price Performance

UVSP stock opened at $33.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $33.91. The company has a market cap of $954.36 million, a P/E ratio of 11.17 and a beta of 0.70. The firm has a 50-day moving average of $30.51 and a 200 day moving average of $30.45.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 EPS for the quarter. Univest Corporation of Pennsylvania had a return on equity of 9.55% and a net margin of 16.94%.The business had revenue of $62.30 million for the quarter. On average, sell-side analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 29.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday, December 1st. Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. Piper Sandler started coverage on Univest Corporation of Pennsylvania in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted 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 note on Friday, October 24th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and an average price target of $33.00.

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.