Northern Trust Corp Increases Stake in Univest Co. of Pennsylvania (UVSP)

Northern Trust Corp lifted its stake in Univest Co. of Pennsylvania (NASDAQ:UVSP) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,416 shares of the financial services provider’s stock after purchasing an additional 7,865 shares during the quarter. Northern Trust Corp owned 1.39% of Univest Co. of Pennsylvania worth $11,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Univest Co. of Pennsylvania by 57.8% in the 2nd quarter. Wells Fargo & Company MN now owns 278,467 shares of the financial services provider’s stock worth $7,658,000 after purchasing an additional 102,009 shares during the last quarter. FMR LLC raised its position in shares of Univest Co. of Pennsylvania by 5.7% in the 2nd quarter. FMR LLC now owns 1,117,457 shares of the financial services provider’s stock worth $30,730,000 after purchasing an additional 60,220 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Univest Co. of Pennsylvania by 115.2% in the 2nd quarter. California Public Employees Retirement System now owns 75,089 shares of the financial services provider’s stock worth $2,065,000 after purchasing an additional 40,203 shares during the last quarter. First Trust Advisors LP raised its position in shares of Univest Co. of Pennsylvania by 22.8% in the 2nd quarter. First Trust Advisors LP now owns 41,633 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 7,737 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Univest Co. of Pennsylvania in the 1st quarter worth about $2,134,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

UVSP opened at $25.74 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $755.74 million, a PE ratio of 15.32 and a beta of 0.56. Univest Co. of Pennsylvania has a 1 year low of $22.11 and a 1 year high of $31.20.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Univest Co. of Pennsylvania had a return on equity of 8.09% and a net margin of 17.57%. The firm had revenue of $55.28 million during the quarter, compared to analyst estimates of $54.80 million. Sell-side analysts forecast that Univest Co. of Pennsylvania will post 1.61 earnings per share for the current fiscal year.

UVSP has been the subject of several recent analyst reports. Zacks Investment Research lowered Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. ValuEngine lowered Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, BidaskClub lowered Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th.

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Univest Co. of Pennsylvania 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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Institutional Ownership by Quarter for Univest Co. of Pennsylvania (NASDAQ:UVSP)

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