Kennedy Capital Management Inc. decreased its holdings in shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,267 shares of the financial services provider’s stock after selling 164,316 shares during the quarter. Kennedy Capital Management Inc. owned 0.28% of Univest Co. of Pennsylvania worth $2,280,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UVSP. State Street Corp grew its stake in shares of Univest Co. of Pennsylvania by 3.7% during the second quarter. State Street Corp now owns 514,691 shares of the financial services provider’s stock valued at $15,414,000 after buying an additional 18,421 shares during the last quarter. Sei Investments Co. grew its stake in shares of Univest Co. of Pennsylvania by 48.5% during the third quarter. Sei Investments Co. now owns 14,651 shares of the financial services provider’s stock valued at $468,000 after buying an additional 4,783 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Univest Co. of Pennsylvania by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 671,101 shares of the financial services provider’s stock valued at $21,475,000 after buying an additional 169,172 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Univest Co. of Pennsylvania during the third quarter valued at approximately $122,000. Finally, TD Asset Management Inc. bought a new position in shares of Univest Co. of Pennsylvania during the third quarter valued at approximately $416,000. 66.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ UVSP traded down $0.35 during trading hours on Friday, reaching $27.75. The stock had a trading volume of 79,267 shares, compared to its average volume of 118,525. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $818.53, a price-to-earnings ratio of 16.52 and a beta of 0.56. Univest Co. of Pennsylvania has a 52-week low of $25.95 and a 52-week high of $32.35.
Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $50.86 million during the quarter. Univest Co. of Pennsylvania had a return on equity of 8.35% and a net margin of 19.84%. analysts forecast that Univest Co. of Pennsylvania will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Wednesday, March 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. Univest Co. of Pennsylvania’s dividend payout ratio is currently 47.62%.
A number of brokerages recently issued reports on UVSP. BidaskClub upgraded Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Univest Co. of Pennsylvania in a report on Friday, December 22nd. Finally, ValuEngine upgraded Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.33.
In related news, Director Robert C. Wonderling bought 1,500 shares of the stock in a transaction on Thursday, March 22nd. The stock was bought at an average price of $28.00 per share, for a total transaction of $42,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.82% of the stock is owned by corporate insiders.
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Univest Co. of Pennsylvania Company Profile
Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.
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