Teacher Retirement System of Texas Reduces Holdings in Univest Corporation of Pennsylvania $UVSP

Teacher Retirement System of Texas trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 24.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,205 shares of the financial services provider’s stock after selling 8,682 shares during the quarter. Teacher Retirement System of Texas’ holdings in Univest Corporation of Pennsylvania were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UVSP. CWM LLC boosted its stake in shares of Univest Corporation of Pennsylvania by 26.6% during the 1st quarter. CWM LLC now owns 8,794 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 1,850 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Univest Corporation of Pennsylvania by 4.1% in the 1st quarter. Victory Capital Management Inc. now owns 29,350 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 1,150 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Univest Corporation of Pennsylvania during the first quarter valued at $1,191,000. Allianz Asset Management GmbH purchased a new position in Univest Corporation of Pennsylvania during the first quarter valued at $4,953,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Univest Corporation of Pennsylvania during the first quarter valued at about $361,000. 75.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Univest Corporation of Pennsylvania Stock Up 0.4%

UVSP opened at $29.55 on Friday. The company has a market capitalization of $841.47 million, a PE ratio of 9.85 and a beta of 0.76. The firm has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $30.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. 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 posted its earnings results on Tuesday, February 8th. The financial services provider reported $0.52 EPS for the quarter. Univest Corporation of Pennsylvania had a return on equity of 9.55% and a net margin of 16.94%.The company had revenue of $62.30 million for the quarter. Analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is currently 29.33%.

Insider Activity at Univest Corporation of Pennsylvania

In related news, Director Thomas M. Petro sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the transaction, the director directly owned 50,193 shares of the company’s stock, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

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.