Univest Corporation of Pennsylvania $UVSP Stock: Leeward Investments LLC MA Cuts Holdings

Leeward Investments LLC MA trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,841 shares of the financial services provider’s stock after selling 17,597 shares during the quarter. Leeward Investments LLC MA owned 1.10% of Univest Corporation of Pennsylvania worth $12,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Univest Corporation of Pennsylvania by 71.3% during the second quarter. Allworth Financial LP now owns 783 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 326 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 49.4% during the third quarter. Farther Finance Advisors LLC now owns 1,074 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 355 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Univest Corporation of Pennsylvania by 66.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,675 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 2,261 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Univest Corporation of Pennsylvania in the first quarter worth $260,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Univest Corporation of Pennsylvania in the second quarter worth $358,000. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock opened at $42.14 on Monday. 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 52-week low of $28.20 and a 52-week high of $45.46. The firm has a 50 day moving average price of $41.77 and a two-hundred day moving average price of $41.31. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 12.18 and a beta of 0.67.

Insiders Place Their Bets

In related news, Director Michael Turner sold 8,000 shares of Univest Corporation of Pennsylvania 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 completion of the transaction, the director owned 24,684 shares of the company’s stock, valued at $1,062,152.52. This trade represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UVSP shares. Keefe, Bruyette & Woods raised their target price on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research lowered Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

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.