IVC Wealth Advisors LLC Sells 17,680 Shares of Univest Corporation of Pennsylvania $UVSP

IVC Wealth Advisors LLC cut its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 44.1% in the fourth quarter, Holdings Channel reports. The fund owned 22,427 shares of the financial services provider’s stock after selling 17,680 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Univest Corporation of Pennsylvania were worth $734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Univest Corporation of Pennsylvania in the 3rd quarter valued at about $34,000. Russell Investments Group Ltd. purchased a new position in Univest Corporation of Pennsylvania during the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. raised its stake in Univest Corporation of Pennsylvania by 545.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,252 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Univest Corporation of Pennsylvania during the 2nd quarter valued at $91,000. Finally, Tower Research Capital LLC TRC boosted its position in Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,324 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

Univest Corporation of Pennsylvania Price Performance

NASDAQ UVSP opened at $35.02 on Friday. The firm’s fifty day simple moving average is $34.07 and its two-hundred day simple moving average is $32.45. The firm has a market capitalization of $983.36 million, a P/E ratio of 11.15 and a beta of 0.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $36.20.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $84.57 million during the quarter, compared to analyst estimates of $82.54 million. Univest Corporation of Pennsylvania had a return on equity of 9.82% and a net margin of 17.51%. Analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, February 11th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 28.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UVSP shares. Keefe, Bruyette & Woods boosted their price target on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

About Univest Corporation of Pennsylvania

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.