Leeward Investments LLC MA Sells 17,597 Shares of Univest Corporation of Pennsylvania $UVSP

Leeward Investments LLC MA lowered its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 5.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 303,841 shares of the financial services provider’s stock after selling 17,597 shares during the period. Leeward Investments LLC MA’s holdings in Univest Corporation of Pennsylvania were worth $12,451,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Univest Corporation of Pennsylvania by 71.3% in the second quarter. Allworth Financial LP now owns 783 shares of the financial services provider’s stock valued at $34,000 after buying an additional 326 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 49.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,074 shares of the financial services provider’s stock worth $44,000 after buying an additional 355 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 66.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,675 shares of the financial services provider’s stock worth $233,000 after buying an additional 2,261 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $260,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $358,000. 75.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UVSP has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their target price on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, Zacks Research lowered shares of Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.50.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Michael Turner sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the transaction, the director owned 24,684 shares in the company, valued at approximately $1,062,152.52. This represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.83% of the company’s stock.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $42.14 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50-day moving average of $41.77 and a 200-day moving average of $41.31. The company has a market cap of $1.16 billion, a PE ratio of 12.18 and a beta of 0.67. Univest Corporation of Pennsylvania has a one year low of $28.20 and a one year high of $45.46.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest’s banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.