Trading Report: The Univest Corp. of Pennsylvania (UVSP) Position Boosted by State Board of Administration of Florida Retirement System

The Univest Corp. of Pennsylvania (UVSP) Position Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its position in shares of Univest Corp. of Pennsylvania (NASDAQ:UVSP) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,684 shares of the financial services provider’s stock after buying an additional 135 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Univest Corp. of Pennsylvania worth $246,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can bought a new position in shares of Univest Corp. of Pennsylvania during the second quarter worth about $195,000. Virginia Retirement System bought a new position in shares of Univest Corp. of Pennsylvania during the first quarter worth about $324,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Univest Corp. of Pennsylvania by 102.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,855 shares of the financial services provider’s stock worth $465,000 after buying an additional 12,065 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in shares of Univest Corp. of Pennsylvania by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 30,120 shares of the financial services provider’s stock worth $633,000 after buying an additional 5,650 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in shares of Univest Corp. of Pennsylvania by 8.3% in the second quarter. Stanley Laman Group Ltd. now owns 40,469 shares of the financial services provider’s stock worth $851,000 after buying an additional 3,108 shares during the last quarter. Institutional investors and hedge funds own 38.36% of the company’s stock.

Univest Corp. of Pennsylvania (NASDAQ:UVSP) traded up 0.68% during mid-day trading on Monday, hitting $23.65. 783 shares of the stock were exchanged. The company has a 50 day moving average price of $23.36 and a 200 day moving average price of $21.23. Univest Corp. of Pennsylvania has a 52-week low of $18.43 and a 52-week high of $23.80. The firm has a market cap of $628.03 million, a price-to-earnings ratio of 17.00 and a beta of 0.76.

Univest Corp. of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.08. Univest Corp. of Pennsylvania had a net margin of 17.33% and a return on equity of 7.69%. On average, analysts anticipate that Univest Corp. of Pennsylvania will post $1.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, September 2nd. Univest Corp. of Pennsylvania’s payout ratio is 57.14%.

Separately, Piper Jaffray Cos. began coverage on shares of Univest Corp. of Pennsylvania in a research note on Thursday, July 14th. They set an “overweight” rating and a $24.00 price target on the stock.

About Univest Corp. of Pennsylvania

Univest Corporation of Pennsylvania is a bank holding company. The Company owns all of the capital stock of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Bank is engaged in the general commercial banking business and provides a range of banking and trust services to its customers.

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