Quantinno Capital Management LP Grows Position in Univest Corporation of Pennsylvania $UVSP

Quantinno Capital Management LP raised its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 60.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,070 shares of the financial services provider’s stock after purchasing an additional 11,664 shares during the period. Quantinno Capital Management LP owned 0.11% of Univest Corporation of Pennsylvania worth $1,064,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Univest Corporation of Pennsylvania by 4.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 346,893 shares of the financial services provider’s stock valued at $11,885,000 after buying an additional 13,772 shares in the last quarter. Sei Investments Co. increased its holdings in Univest Corporation of Pennsylvania by 12.1% in the 1st quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider’s stock worth $9,311,000 after acquiring an additional 29,247 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Univest Corporation of Pennsylvania by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider’s stock worth $64,622,000 after acquiring an additional 6,965 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Univest Corporation of Pennsylvania during the 1st quarter worth approximately $1,246,000. Finally, Fifth Third Bancorp bought a new stake in Univest Corporation of Pennsylvania during the 1st quarter worth approximately $260,000. Institutional investors own 75.07% of the company’s stock.

Insider Activity at Univest Corporation of Pennsylvania

In other Univest Corporation of Pennsylvania news, CEO Jeffrey M. Schweitzer sold 13,933 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.91, for a total value of $569,999.03. Following the sale, the chief executive officer owned 110,513 shares of the company’s stock, valued at $4,521,086.83. The trade was a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian J. Richardson sold 2,090 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.90, for a total value of $85,481.00. Following the sale, the chief financial officer directly owned 24,228 shares in the company, valued at $990,925.20. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 24,023 shares of company stock valued at $999,720. Insiders own 1.83% of the company’s stock.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several analyst reports. Zacks Research raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $40.50.

Univest Corporation of Pennsylvania Stock Up 0.4%

Shares of UVSP stock opened at $43.16 on Friday. The stock has a market cap of $1.19 billion, a P/E ratio of 12.47 and a beta of 0.66. Univest Corporation of Pennsylvania has a 52 week low of $28.03 and a 52 week high of $45.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $43.42 and its two-hundred day simple moving average is $38.58.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $89.59 million for the quarter, compared to the consensus estimate of $86.66 million. Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.41%. Analysts predict that Univest Corporation of Pennsylvania will post 3.67 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 5th. Univest Corporation of Pennsylvania’s payout ratio is currently 26.59%.

Univest Corporation of Pennsylvania 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.