Pzena Investment Management LLC Sells 34,667 Shares of Univest Corporation of Pennsylvania $UVSP

Pzena Investment Management LLC reduced its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 856,235 shares of the financial services provider’s stock after selling 34,667 shares during the period. Pzena Investment Management LLC’s holdings in Univest Corporation of Pennsylvania were worth $28,033,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in Univest Corporation of Pennsylvania in the 3rd quarter worth approximately $1,004,000. UNIVEST FINANCIAL Corp increased its position in shares of Univest Corporation of Pennsylvania by 22.2% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 617,526 shares of the financial services provider’s stock valued at $20,218,000 after purchasing an additional 112,203 shares during the period. SG Americas Securities LLC bought a new stake in shares of Univest Corporation of Pennsylvania during the third quarter valued at approximately $675,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $688,000. Finally, JPMorgan Chase & Co. increased its position in shares of Univest Corporation of Pennsylvania by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 138,124 shares of the financial services provider’s stock valued at $4,146,000 after purchasing an additional 10,935 shares during the period. 75.07% of the stock is owned by institutional investors.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ:UVSP opened at $39.31 on Friday. The business’s fifty day moving average price is $36.20 and its two-hundred day moving average price is $34.25. Univest Corporation of Pennsylvania has a fifty-two week low of $27.91 and a fifty-two week high of $39.37. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Univest Corporation of Pennsylvania had a return on equity of 10.19% and a net margin of 18.25%.The firm had revenue of $87.45 million for the quarter, compared to analysts’ expectations of $84.85 million. As a group, analysts predict that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 6th. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 27.63%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UVSP. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.00.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In other news, Director Natalye Paquin sold 13,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the sale, the director owned 17,004 shares in the company, valued at approximately $642,751.20. This represents a 43.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael S. Keim sold 7,245 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total value of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares in the company, valued at $2,592,757.09. The trade was a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.83% of the stock is currently owned by corporate insiders.

Univest Corporation of Pennsylvania Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.