22,475 Shares in Univest Corporation of Pennsylvania $UVSP Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 22,475 shares of the financial services provider’s stock, valued at approximately $675,000.

Several other hedge funds have also modified their holdings of UVSP. The Manufacturers Life Insurance Company grew its holdings in shares of Univest Corporation of Pennsylvania by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock valued at $44,335,000 after purchasing an additional 193,561 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Univest Corporation of Pennsylvania by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock worth $23,243,000 after buying an additional 36,662 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Univest Corporation of Pennsylvania by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 688,723 shares of the financial services provider’s stock worth $20,689,000 after buying an additional 5,900 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Univest Corporation of Pennsylvania by 26.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 359,737 shares of the financial services provider’s stock worth $10,806,000 after buying an additional 76,242 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 1.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 205,811 shares of the financial services provider’s stock valued at $6,183,000 after acquiring an additional 3,157 shares during the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Up 5.6%

UVSP opened at $34.74 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $32.90 and its 200-day moving average price is $31.24. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $35.65. The stock has a market cap of $989.40 million, a price-to-earnings ratio of 11.58 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. The firm had revenue of $26.25 million during the quarter, compared to analyst estimates of $81.75 million. Univest Corporation of Pennsylvania had a return on equity of 9.55% and a net margin of 16.94%. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UVSP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. Piper Sandler assumed coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 target price for the company. Zacks Research raised Univest Corporation of Pennsylvania to a “hold” rating in a research report on Thursday, December 4th. Finally, Keefe, Bruyette & Woods raised their price target on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.00.

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.