Apexium Financial LP Trims Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Apexium Financial LP reduced its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,973 shares of the financial services provider’s stock after selling 379 shares during the period. Apexium Financial LP owned approximately 0.05% of Univest Corporation of Pennsylvania worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UVSP. GAMMA Investing LLC raised its holdings in Univest Corporation of Pennsylvania by 5,981.4% in the 1st quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider’s stock valued at $335,000 after buying an additional 11,604 shares during the period. Wedge Capital Management L L P NC increased its stake in Univest Corporation of Pennsylvania by 15.3% during the first quarter. Wedge Capital Management L L P NC now owns 26,797 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 3,558 shares during the period. SG Americas Securities LLC increased its stake in Univest Corporation of Pennsylvania by 107.7% during the first quarter. SG Americas Securities LLC now owns 20,108 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 10,426 shares during the period. Everhart Financial Group Inc. increased its stake in Univest Corporation of Pennsylvania by 2.9% during the first quarter. Everhart Financial Group Inc. now owns 28,449 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 810 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Univest Corporation of Pennsylvania by 10.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 903 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $29.85 on Friday. The stock has a 50 day moving average price of $30.36 and a 200 day moving average price of $29.82. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $859.98 million, a price-to-earnings ratio of 10.89 and a beta of 0.72. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $81.04 million during the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. Research analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Univest Corporation of Pennsylvania’s payout ratio is currently 32.12%.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the sale, the director owned 50,193 shares in the company, valued at approximately $1,593,627.75. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Univest Corporation of Pennsylvania Company Profile

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.