Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Sold by Bailard Inc.

Bailard Inc. cut its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 62.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the financial services provider's stock after selling 13,132 shares during the quarter. Bailard Inc.'s holdings in Univest Corporation of Pennsylvania were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UVSP. State of Tennessee Department of Treasury purchased a new stake in shares of Univest Corporation of Pennsylvania in the 4th quarter worth approximately $244,000. Wealth Enhancement Advisory Services LLC boosted its position in 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 valued at $277,000 after acquiring an additional 903 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 5,981.4% in the 1st quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider's stock valued at $335,000 after acquiring an additional 11,604 shares during the period. Northern Trust Corp boosted its position in Univest Corporation of Pennsylvania by 2.8% during the fourth quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 9,184 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in 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 valued at $570,000 after acquiring an additional 10,426 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

Univest Corporation of Pennsylvania Stock Down 6.2%

Shares of UVSP stock traded down $1.95 during trading hours on Thursday, reaching $29.61. 176,062 shares of the company's stock were exchanged, compared to its average volume of 116,290. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86. The stock's 50 day moving average is $30.42 and its 200-day moving average is $29.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $855.14 million, a price-to-earnings ratio of 10.81 and a beta of 0.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $81.04 million for the quarter, compared to analyst estimates of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.98% and a net margin of 15.71%. Analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, August 6th. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is presently 32.96%.

About Univest Corporation of Pennsylvania

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.