Y Intercept Hong Kong Ltd Makes New $1 Million Investment in Univest Corporation of Pennsylvania $UVSP

Y Intercept Hong Kong Ltd bought a new position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,439 shares of the financial services provider’s stock, valued at approximately $1,004,000. Y Intercept Hong Kong Ltd owned approximately 0.12% of Univest Corporation of Pennsylvania at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Univest Corporation of Pennsylvania by 15.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock worth $44,335,000 after buying an additional 193,561 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Univest Corporation of Pennsylvania by 5.0% during the second quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock worth $23,243,000 after acquiring an additional 36,662 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Univest Corporation of Pennsylvania by 0.9% during the second quarter. American Century Companies Inc. now owns 688,723 shares of the financial services provider’s stock valued at $20,689,000 after acquiring an additional 5,900 shares during the period. UNIVEST FINANCIAL Corp boosted its holdings in Univest Corporation of Pennsylvania by 0.5% in the third quarter. UNIVEST FINANCIAL Corp now owns 505,323 shares of the financial services provider’s stock valued at $15,170,000 after acquiring an additional 2,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Univest Corporation of Pennsylvania by 26.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 359,737 shares of the financial services provider’s stock worth $10,806,000 after purchasing an additional 76,242 shares during the period. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Stock Up 1.3%

Shares of NASDAQ:UVSP opened at $33.14 on Monday. The company has a 50 day moving average price of $33.33 and a two-hundred day moving average price of $31.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $943.83 million, a PE ratio of 10.55 and a beta of 0.69. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $35.65.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.89%. The company had revenue of $84.57 million during the quarter, compared to analyst estimates of $82.54 million. Analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, February 11th. Univest Corporation of Pennsylvania’s dividend payout ratio is 28.03%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UVSP. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. Piper Sandler initiated coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. 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 note on Friday, October 24th. Finally, Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Univest Corporation of Pennsylvania currently has an average rating of “Hold” and a consensus price target of $34.00.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.