Bailard Inc. Decreases Stock Position in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Bailard Inc. lowered its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 62.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the financial services provider's stock after selling 13,132 shares during the quarter. Bailard Inc.'s holdings in Univest Corporation of Pennsylvania were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Univest Corporation of Pennsylvania during the fourth quarter worth $2,299,000. PNC Financial Services Group Inc. boosted its stake in Univest Corporation of Pennsylvania by 14.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock worth $142,000 after purchasing an additional 617 shares during the period. Teacher Retirement System of Texas increased its position in shares of Univest Corporation of Pennsylvania by 22.0% in the fourth quarter. Teacher Retirement System of Texas now owns 56,148 shares of the financial services provider's stock worth $1,657,000 after purchasing an additional 10,131 shares during the last quarter. American Century Companies Inc. grew its position in Univest Corporation of Pennsylvania by 12.7% during the fourth quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider's stock valued at $18,661,000 after acquiring an additional 71,265 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Univest Corporation of Pennsylvania in the fourth quarter worth approximately $511,000. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Stock Down 4.6%

Univest Corporation of Pennsylvania stock traded down $1.47 on Thursday, hitting $30.10. 40,649 shares of the stock traded hands, compared to its average volume of 112,392. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $32.86. The business's fifty day simple moving average is $30.45 and its 200 day simple moving average is $29.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $869.14 million, a P/E ratio of 11.27 and a beta of 0.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $81.04 million for the quarter, compared to analysts' expectations of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.84% and a net margin of 15.54%. As a group, sell-side analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

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.