Pzena Investment Management LLC trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 22.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 888,209 shares of the financial services provider's stock after selling 254,932 shares during the period. Pzena Investment Management LLC owned about 3.08% of Univest Corporation of Pennsylvania worth $26,682,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Allianz Asset Management GmbH purchased a new position in Univest Corporation of Pennsylvania during the 1st quarter valued at about $4,953,000. Nuveen LLC bought a new stake in shares of Univest Corporation of Pennsylvania in the 1st quarter worth approximately $3,384,000. The Manufacturers Life Insurance Company increased its stake in shares of Univest Corporation of Pennsylvania by 6.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,282,311 shares of the financial services provider's stock valued at $36,366,000 after buying an additional 77,781 shares during the period. Vanguard Group Inc. raised its holdings in shares of Univest Corporation of Pennsylvania by 4.3% during the first quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider's stock valued at $48,077,000 after acquiring an additional 69,462 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter valued at approximately $1,467,000. 75.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Univest Corporation of Pennsylvania in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $29.00.
View Our Latest Report on Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania Trading Down 3.4%
Shares of UVSP stock opened at $28.54 on Monday. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $30.42 and its 200 day moving average is $29.84. The stock has a market capitalization of $822.09 million, a P/E ratio of 10.42 and a beta of 0.72.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued 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 net margin of 15.71% and a return on equity of 8.92%. The company had revenue of $62.30 million for the quarter. Research analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.
Univest Corporation of Pennsylvania Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.1%. Univest Corporation of Pennsylvania's payout ratio is 32.12%.
Insider Buying and Selling at Univest Corporation of Pennsylvania
In other news, Director Thomas M. Petro sold 9,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the sale, the director directly owned 50,193 shares in the company, valued at $1,593,627.75. The trade was a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.
Univest Corporation of Pennsylvania Company Profile
(
Free Report)
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.
Featured Stories

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.
Before you consider Univest Corporation of Pennsylvania, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Univest Corporation of Pennsylvania wasn't on the list.
While Univest Corporation of Pennsylvania currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.