SRS Capital Advisors Inc. Takes Position in Univest Co. of Pennsylvania (UVSP)

SRS Capital Advisors Inc. bought a new position in Univest Co. of Pennsylvania (NASDAQ:UVSP) in the third quarter, according to its most recent filing with the SEC. The firm bought 5,797 shares of the financial services provider’s stock, valued at approximately $153,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in 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 in the last quarter. FMR LLC boosted its stake in 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 in the last quarter. California Public Employees Retirement System boosted its stake in 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 in the last quarter. First Trust Advisors LP lifted its stake in Univest Co. of Pennsylvania by 22.8% during the 2nd quarter. First Trust Advisors LP now owns 41,633 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 7,737 shares during the period. Finally, Westbourne Investment Advisors Inc. acquired a new stake in Univest Co. of Pennsylvania during the 3rd quarter valued at approximately $254,000. Institutional investors own 67.00% of the company’s stock.

Shares of NASDAQ 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. Univest Co. of Pennsylvania has a 12 month low of $22.11 and a 12 month high of $31.20. The company has a market cap of $753.39 million, a price-to-earnings ratio of 15.32 and a beta of 0.56.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Univest Co. of Pennsylvania had a net margin of 17.57% and a return on equity of 8.09%. The business had revenue of $55.28 million during the quarter, compared to analysts’ expectations of $54.80 million. As a group, equities research analysts forecast that Univest Co. of Pennsylvania will post 1.61 earnings per share for the current year.

Several brokerages have commented on UVSP. ValuEngine cut shares of Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, BidaskClub cut shares of Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th.

WARNING: This article was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/11/10/srs-capital-advisors-inc-takes-position-in-univest-co-of-pennsylvania-uvsp.html.

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.

See Also: Growth Stocks, What They Are, What They Are Not

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

Receive News & Ratings for Univest Co. of Pennsylvania Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univest Co. of Pennsylvania and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply