Geode Capital Management LLC Increases Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Geode Capital Management LLC raised its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 773,731 shares of the financial services provider’s stock after purchasing an additional 36,662 shares during the quarter. Geode Capital Management LLC’s holdings in Univest Corporation of Pennsylvania were worth $23,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,252 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Univest Corporation of Pennsylvania by 22.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,076 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Univest Corporation of Pennsylvania in the second quarter worth about $210,000. XTX Topco Ltd bought a new stake in Univest Corporation of Pennsylvania during the 1st quarter valued at approximately $221,000. Finally, Ieq Capital LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $229,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UVSP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on 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. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Univest Corporation of Pennsylvania has an average rating of “Hold” and an average price target of $32.50.

Univest Corporation of Pennsylvania Stock Performance

Univest Corporation of Pennsylvania stock opened at $31.79 on Friday. Univest Corporation of Pennsylvania has a twelve month low of $22.83 and a twelve month high of $32.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $905.11 million, a P/E ratio of 10.60 and a beta of 0.76. The stock’s 50 day moving average is $30.14 and its 200 day moving average is $30.31.

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, equities research analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is 29.33%.

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.