Univest Corporation of Pennsylvania $UVSP Stock Position Increased by Bernardo Wealth Planning LLC

Key Points

• Bernardo Wealth Planning LLC doubled its Univest stake in the third quarter, acquiring 24,361 additional shares to hold 48,632 shares valued at approximately $1.99 million.
• Institutional investors collectively own 75.07% of UVSP, with several firms—including Assenagon Asset Management, SEI Investments and Bank of America—also increasing their positions.
• Analysts maintain a generally positive outlook, with Univest carrying a “Moderate Buy” consensus rating and an average price target of $40.50; however, the company recently missed quarterly EPS estimates, reporting $0.82 versus $0.87 expected.

Bernardo Wealth Planning LLC increased its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 100.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,632 shares of the financial services provider's stock after purchasing an additional 24,361 shares during the quarter. Bernardo Wealth Planning LLC owned approximately 0.18% of Univest Corporation of Pennsylvania worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in UVSP. Dimensional Fund Advisors LP boosted its stake in shares of Univest Corporation of Pennsylvania by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider's stock worth $64,622,000 after purchasing an additional 6,965 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Univest Corporation of Pennsylvania by 39.2% during the second quarter. Assenagon Asset Management S.A. now owns 358,183 shares of the financial services provider's stock valued at $15,671,000 after buying an additional 100,780 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Univest Corporation of Pennsylvania by 4.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 346,893 shares of the financial services provider's stock valued at $11,885,000 after buying an additional 13,772 shares during the period. Sei Investments Co. boosted its position in Univest Corporation of Pennsylvania by 12.1% during the first quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider's stock worth $9,311,000 after acquiring an additional 29,247 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Univest Corporation of Pennsylvania by 18.1% during the first quarter. Bank of America Corp DE now owns 225,853 shares of the financial services provider's stock worth $7,738,000 after acquiring an additional 34,557 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UVSP shares. Zacks Research downgraded Univest Corporation of Pennsylvania from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Keefe, Bruyette & Woods increased their price target on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a "market perform" rating in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded Univest Corporation of Pennsylvania from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Univest Corporation of Pennsylvania currently has an average rating of "Moderate Buy" and an average price target of $40.50.

Univest Corporation of Pennsylvania Stock Performance

Univest Corporation of Pennsylvania stock opened at $42.14 on Friday. The firm has a market capitalization of $1.16 billion, a PE ratio of 12.18 and a beta of 0.67. The stock's 50 day moving average price is $41.77 and its 200 day moving average price is $41.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a one year low of $28.20 and a one year high of $45.46.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%. The business had revenue of $89.59 million for the quarter, compared to analysts' expectations of $86.66 million. As a group, sell-side analysts expect that Univest Corporation of Pennsylvania will post 3.72 EPS for the current fiscal year.

Insider Transactions at Univest Corporation of Pennsylvania

In other Univest Corporation of Pennsylvania news, Director Michael Turner sold 8,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $43.03, for a total transaction of $344,240.00. Following the transaction, the director directly owned 24,684 shares in the company, valued at $1,062,152.52. This represents a 24.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.83% of the stock is owned by corporate insiders.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest's banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.

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