JPMorgan Chase & Co. Has $1.91 Million Position in Univest Corporation of Pennsylvania (UVSP)

JPMorgan Chase & Co. decreased its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 6.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,724 shares of the financial services provider’s stock after selling 5,043 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Univest Corporation of Pennsylvania worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Guggenheim Capital LLC boosted its position in shares of Univest Corporation of Pennsylvania by 8.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,673 shares of the financial services provider’s stock worth $361,000 after buying an additional 921 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter worth about $501,000. Highbridge Capital Management LLC purchased a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter worth about $574,000. Girard Partners LTD. boosted its position in shares of Univest Corporation of Pennsylvania by 39.3% in the first quarter. Girard Partners LTD. now owns 25,180 shares of the financial services provider’s stock worth $652,000 after buying an additional 7,107 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of Univest Corporation of Pennsylvania by 30.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 36,470 shares of the financial services provider’s stock worth $945,000 after buying an additional 8,410 shares in the last quarter. Hedge funds and other institutional investors own 61.66% of the company’s stock.

Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at 29.85 on Tuesday. Univest Corporation of Pennsylvania has a one year low of $19.97 and a one year high of $31.50. The company’s 50-day moving average is $28.99 and its 200-day moving average is $28.60. The firm has a market cap of $795.83 million, a PE ratio of 32.17 and a beta of 0.69.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. Univest Corporation of Pennsylvania had a net margin of 11.75% and a return on equity of 7.31%. The business had revenue of $49.25 million during the quarter. On average, analysts forecast that Univest Corporation of Pennsylvania will post $1.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, June 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is 85.11%.

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A number of research analysts recently issued reports on the stock. Sandler O’Neill assumed coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, April 12th. They set a “buy” rating for the company. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.62% of the stock is owned by insiders.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

Institutional Ownership by Quarter for Univest Corporation of Pennsylvania (NASDAQ:UVSP)

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