Insight Advisors LLC PA Sells 11,750 Shares of Univest Corporation of Pennsylvania $UVSP

Key Points

• Insight Advisors LLC PA has decreased its holdings in Univest Corporation of Pennsylvania by 50%, selling 11,750 shares, leaving them with 11,750 shares valued at approximately $353,000.
• Univest Corporation of Pennsylvania has announced a $0.22 quarterly dividend, providing stockholders a 2.9% dividend yield, with a payout date set for November 19th.
• Wall Street analysts maintain a consensus rating of "Hold" for Univest Corporation, with an average price target of $29.00, while Weiss Ratings has reaffirmed a "buy" rating on the stock.

Insight Advisors LLC PA cut its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,750 shares of the financial services provider's stock after selling 11,750 shares during the period. Insight Advisors LLC PA's holdings in Univest Corporation of Pennsylvania were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UVSP. Apexium Financial LP increased its holdings in shares of Univest Corporation of Pennsylvania by 3.4% in the first quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider's stock worth $435,000 after buying an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock worth $487,000 after acquiring an additional 703 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Univest Corporation of Pennsylvania by 10.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 903 shares during the last quarter. CWM LLC lifted its position in Univest Corporation of Pennsylvania by 11.5% in the second quarter. CWM LLC now owns 9,804 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 1,010 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Univest Corporation of Pennsylvania by 22.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock valued at $167,000 after purchasing an additional 1,076 shares during the period. 75.07% of the stock is owned by institutional investors.

Univest Corporation of Pennsylvania Trading Up 1.3%

NASDAQ UVSP opened at $29.84 on Thursday. The stock has a market cap of $859.69 million, a P/E ratio of 10.89 and a beta of 0.72. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86. The stock has a 50 day simple moving average of $30.47 and a two-hundred day simple moving average of $29.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%.The firm had revenue of $62.30 million for the quarter. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 5th. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is currently 32.12%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Univest Corporation of Pennsylvania in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $29.00.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In other news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director owned 50,193 shares of the company's stock, valued at approximately $1,593,627.75. The trade was a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.