174,631 Shares in Univest Corporation of Pennsylvania (NASDAQ:UVSP) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 174,631 shares of the financial services provider's stock, valued at approximately $4,953,000. Allianz Asset Management GmbH owned approximately 0.60% of Univest Corporation of Pennsylvania as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Univest Corporation of Pennsylvania by 161.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 619 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $240,000. State of Tennessee Department of Treasury bought a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $244,000. CWM LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 26.6% during the first quarter. CWM LLC now owns 8,794 shares of the financial services provider's stock valued at $249,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 10.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after acquiring an additional 903 shares in the last quarter. Institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Stock Down 1.9%

Shares of NASDAQ UVSP traded down $0.56 during midday trading on Friday, hitting $28.28. 24,058 shares of the stock traded hands, compared to its average volume of 112,701. The business has a 50 day moving average price of $30.32 and a two-hundred day moving average price of $29.64. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The company has a market cap of $816.70 million, a PE ratio of 10.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. The business had revenue of $81.04 million during the quarter, compared to the consensus estimate of $79.50 million. On average, equities analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 3.1%. Univest Corporation of Pennsylvania's payout ratio is currently 32.12%.

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.