Assenagon Asset Management S.A. Reduces Position in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Assenagon Asset Management S.A. trimmed its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,197 shares of the financial services provider's stock after selling 15,332 shares during the period. Assenagon Asset Management S.A. owned 0.35% of Univest Corporation of Pennsylvania worth $2,842,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Univest Corporation of Pennsylvania by 107.7% in the first quarter. SG Americas Securities LLC now owns 20,108 shares of the financial services provider's stock worth $570,000 after purchasing an additional 10,426 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Univest Corporation of Pennsylvania by 15.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 26,797 shares of the financial services provider's stock valued at $760,000 after buying an additional 3,558 shares in the last quarter. Insight Advisors LLC PA lifted its holdings in shares of Univest Corporation of Pennsylvania by 100.0% during the 1st quarter. Insight Advisors LLC PA now owns 23,500 shares of the financial services provider's stock worth $666,000 after acquiring an additional 11,750 shares during the last quarter. GAMMA Investing LLC grew its position in Univest Corporation of Pennsylvania by 5,981.4% in the first quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider's stock worth $335,000 after acquiring an additional 11,604 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in Univest Corporation of Pennsylvania by 8.7% in the fourth quarter. Rafferty Asset Management LLC now owns 20,901 shares of the financial services provider's stock worth $617,000 after acquiring an additional 1,680 shares in the last quarter. 75.07% of the stock is owned by institutional investors.

Univest Corporation of Pennsylvania Price Performance

NASDAQ UVSP traded up $0.25 during trading hours on Friday, reaching $29.07. 74,127 shares of the stock traded hands, compared to its average volume of 108,739. The stock has a 50 day simple moving average of $29.29 and a two-hundred day simple moving average of $29.48. Univest Corporation of Pennsylvania has a 1 year low of $21.17 and a 1 year high of $32.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $839.60 million, a price-to-earnings ratio of 10.87 and a beta of 0.74.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $79.20 million for the quarter, compared to analysts' expectations of $77.65 million. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. On average, analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Wednesday, May 7th. This is a boost from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is presently 32.96%.

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.