New York State Common Retirement Fund lifted its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 13.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,169 shares of the financial services provider’s stock after purchasing an additional 3,499 shares during the period. New York State Common Retirement Fund owned about 0.11% of Univest Corporation of Pennsylvania worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in UVSP. FMR LLC increased its stake in shares of Univest Corporation of Pennsylvania by 104.8% during the first quarter. FMR LLC now owns 835,172 shares of the financial services provider’s stock worth $21,631,000 after purchasing an additional 427,338 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Univest Corporation of Pennsylvania by 1.8% during the first quarter. Teachers Advisors LLC now owns 47,042 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 815 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Univest Corporation of Pennsylvania by 0.4% during the first quarter. California Public Employees Retirement System now owns 51,700 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 200 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Univest Corporation of Pennsylvania by 8.4% during the first quarter. Vanguard Group Inc. now owns 1,063,838 shares of the financial services provider’s stock worth $27,552,000 after purchasing an additional 82,471 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Univest Corporation of Pennsylvania by 0.4% during the first quarter. Geode Capital Management LLC now owns 216,797 shares of the financial services provider’s stock worth $5,615,000 after purchasing an additional 800 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

UVSP has been the subject of a number of research reports. BidaskClub cut shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $33.00 target price on shares of Univest Corporation of Pennsylvania in a research note on Thursday, July 27th. Sandler O’Neill cut shares of Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Monday, September 25th. ValuEngine raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.67.

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Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at $29.20 on Monday. Univest Corporation of Pennsylvania has a one year low of $23.05 and a one year high of $32.35. The stock has a market cap of $779.18, a PE ratio of 17.91 and a beta of 0.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Univest Corporation of Pennsylvania had a net margin of 18.71% and a return on equity of 8.41%. The business had revenue of $51.00 million for the quarter. equities analysts expect that Univest Corporation of Pennsylvania will post 1.74 earnings per share for the current year.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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

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