Hsbc Holdings PLC Takes $484,000 Position in Univest Corporation of Pennsylvania $UVSP

Hsbc Holdings PLC acquired a new stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,807 shares of the financial services provider’s stock, valued at approximately $484,000. Hsbc Holdings PLC owned approximately 0.05% of Univest Corporation of Pennsylvania as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in Univest Corporation of Pennsylvania during the second quarter worth about $42,000. Geneos Wealth Management Inc. raised its position in shares of Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,252 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania during the second quarter worth about $91,000. Tower Research Capital LLC TRC raised its position in shares of Univest Corporation of Pennsylvania by 69.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,324 shares during the period. Finally, Mariner LLC bought a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 75.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey M. Schweitzer sold 13,933 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the transaction, the chief executive officer directly owned 110,513 shares of the company’s stock, valued at approximately $4,521,086.83. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Natalye Paquin sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $37.80, for a total value of $491,400.00. Following the completion of the transaction, the director owned 17,004 shares of the company’s stock, valued at approximately $642,751.20. This represents a 43.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 36,268 shares of company stock worth $1,427,334. Insiders own 1.83% of the company’s stock.

Univest Corporation of Pennsylvania Stock Up 2.6%

Univest Corporation of Pennsylvania stock opened at $45.21 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. Univest Corporation of Pennsylvania has a 1-year low of $27.91 and a 1-year high of $45.46. The company has a fifty day simple moving average of $41.38 and a 200 day simple moving average of $37.03. The company has a market cap of $1.26 billion, a P/E ratio of 13.58 and a beta of 0.66.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. The firm had revenue of $87.45 million for the quarter, compared to analysts’ expectations of $84.85 million. Research analysts anticipate that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 6th. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.0%. Univest Corporation of Pennsylvania’s dividend payout ratio is currently 27.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UVSP shares. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods lifted their price target on shares of Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Univest Corporation of Pennsylvania Company Profile

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.