Metropolitan Life Insurance Co. NY continued to hold its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,449 shares of the financial services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Univest Corporation of Pennsylvania were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Aberdeen Asset Management PLC UK raised its stake in Univest Corporation of Pennsylvania by 21.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,683,486 shares of the financial services provider’s stock worth $43,645,000 after buying an additional 296,103 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Univest Corporation of Pennsylvania by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,165,290 shares of the financial services provider’s stock worth $30,181,000 after buying an additional 113,436 shares in the last quarter. Vanguard Group Inc. raised its stake in Univest Corporation of Pennsylvania by 8.4% in the first quarter. Vanguard Group Inc. now owns 1,063,838 shares of the financial services provider’s stock worth $27,552,000 after buying an additional 82,471 shares in the last quarter. FMR LLC raised its stake in Univest Corporation of Pennsylvania by 104.8% in the first quarter. FMR LLC now owns 835,172 shares of the financial services provider’s stock worth $21,631,000 after buying an additional 427,338 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Univest Corporation of Pennsylvania by 1.6% in the first quarter. Schroder Investment Management Group now owns 504,252 shares of the financial services provider’s stock worth $13,312,000 after buying an additional 7,982 shares in the last quarter. Hedge funds and other institutional investors own 63.13% of the company’s stock.

Univest Corporation of Pennsylvania (NASDAQ UVSP) remained flat at $29.90 during midday trading on Tuesday. The stock had a trading volume of 7,657 shares. The firm has a market cap of $797.25 million, a PE ratio of 26.96 and a beta of 0.69. Univest Corporation of Pennsylvania has a 12-month low of $21.71 and a 12-month high of $31.50. The firm has a 50 day moving average of $30.02 and a 200 day moving average of $28.62.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a return on equity of 8.04% and a net margin of 13.95%. The company had revenue of $51.31 million for the quarter. On average, equities research analysts anticipate that Univest Corporation of Pennsylvania will post $1.77 EPS for the current year.

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A number of equities research analysts have recently commented on the company. BidaskClub lowered Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $33.00 price target on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. Finally, ValuEngine raised Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

In related news, Director Michael L. Turner sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.62% of the stock is owned by corporate insiders.

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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