Cullinan Associates Inc. Takes Position in Univest Co. of Pennsylvania (UVSP)

Cullinan Associates Inc. acquired a new stake in Univest Co. of Pennsylvania (NASDAQ:UVSP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,000 shares of the financial services provider’s stock, valued at approximately $617,000. Cullinan Associates Inc. owned 0.08% of Univest Co. of Pennsylvania at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Univest Co. of Pennsylvania by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,278,172 shares of the financial services provider’s stock worth $40,902,000 after purchasing an additional 48,684 shares during the period. FMR LLC increased its stake in Univest Co. of Pennsylvania by 30.3% during the second quarter. FMR LLC now owns 1,088,107 shares of the financial services provider’s stock worth $32,589,000 after purchasing an additional 252,935 shares during the period. Vanguard Group Inc. increased its stake in Univest Co. of Pennsylvania by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,076,894 shares of the financial services provider’s stock worth $32,253,000 after purchasing an additional 13,056 shares during the period. Bank of New York Mellon Corp increased its stake in Univest Co. of Pennsylvania by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 671,101 shares of the financial services provider’s stock worth $21,475,000 after purchasing an additional 169,172 shares during the period. Finally, State Street Corp increased its stake in Univest Co. of Pennsylvania by 3.7% during the second quarter. State Street Corp now owns 514,691 shares of the financial services provider’s stock worth $15,414,000 after purchasing an additional 18,421 shares during the period. Hedge funds and other institutional investors own 58.15% of the company’s stock.

UVSP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of Univest Co. of Pennsylvania in a research note on Friday, December 22nd. ValuEngine lowered shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Sandler O’Neill lowered shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Monday, September 25th. Piper Jaffray Companies reiterated a “buy” rating and set a $33.00 price target on shares of Univest Co. of Pennsylvania in a research note on Friday, October 27th. Finally, BidaskClub downgraded Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Univest Co. of Pennsylvania has an average rating of “Hold” and a consensus target price of $33.33.

Univest Co. of Pennsylvania (NASDAQ:UVSP) opened at $28.45 on Thursday. Univest Co. of Pennsylvania has a 52-week low of $25.65 and a 52-week high of $32.35. The company has a market capitalization of $824.60, a PE ratio of 18.72 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). Univest Co. of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. The company had revenue of $51.00 million for the quarter. research analysts predict that Univest Co. of Pennsylvania will post 1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, December 15th. Univest Co. of Pennsylvania’s dividend payout ratio is presently 52.63%.

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About Univest Co. 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 Co. of Pennsylvania (NASDAQ:UVSP)

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