American Century Companies Inc. Increases Stake in Univest Corporation of Pennsylvania $UVSP

Key Points

• American Century Companies Inc. increased its stake in Univest Corporation of Pennsylvania by 8.0%, now owning 682,823 shares worth approximately $19.37 million.
• Univest Corporation reported earnings of $0.69 per share for the last quarter, surpassing analysts' expectations of $0.64, alongside a revenue of $81.04 million.
• The company declared a quarterly dividend of $0.22 per share, equating to an annualized yield of 2.8% and a payout ratio of 32.12%.

American Century Companies Inc. lifted its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,823 shares of the financial services provider's stock after purchasing an additional 50,469 shares during the quarter. American Century Companies Inc. owned 2.36% of Univest Corporation of Pennsylvania worth $19,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Corporation of Pennsylvania during the 4th quarter worth approximately $244,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Univest Corporation of Pennsylvania by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock worth $277,000 after purchasing an additional 903 shares during the period. GAMMA Investing LLC grew its stake in shares of Univest Corporation of Pennsylvania by 5,981.4% during the 1st quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider's stock worth $335,000 after purchasing an additional 11,604 shares during the period. Northern Trust Corp grew its stake in Univest Corporation of Pennsylvania by 2.8% in the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock valued at $10,012,000 after acquiring an additional 9,184 shares during the period. Finally, SG Americas Securities LLC grew its stake in Univest Corporation of Pennsylvania by 107.7% in the 1st quarter. SG Americas Securities LLC now owns 20,108 shares of the financial services provider's stock valued at $570,000 after acquiring an additional 10,426 shares during the period. Institutional investors and hedge funds own 75.07% of the company's stock.

Insider Transactions at Univest Corporation of Pennsylvania

In related news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the sale, the director owned 50,193 shares of the company's stock, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock traded down $0.08 during trading on Friday, reaching $31.67. The company had a trading volume of 107,536 shares, compared to its average volume of 101,139. The firm's 50-day simple moving average is $30.61 and its 200 day simple moving average is $29.60. Univest Corporation of Pennsylvania has a 1-year low of $22.83 and a 1-year high of $32.86. The firm has a market capitalization of $912.41 million, a PE ratio of 11.56 and a beta of 0.76. 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 released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. The firm had revenue of $81.04 million for the quarter, compared to analysts' expectations of $79.50 million. As a group, equities research analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) 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.