Charles Schwab Investment Management Inc. decreased its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,701 shares of the financial services provider's stock after selling 9,686 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Univest Corporation of Pennsylvania worth $6,684,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Univest Corporation of Pennsylvania by 161.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock worth $30,000 after acquiring an additional 619 shares during the period. PNC Financial Services Group Inc. raised its position in Univest Corporation of Pennsylvania by 22.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock worth $167,000 after acquiring an additional 1,076 shares during the period. XTX Topco Ltd purchased a new position in shares of Univest Corporation of Pennsylvania in the first quarter worth about $221,000. ProShare Advisors LLC purchased a new position in shares of Univest Corporation of Pennsylvania in the fourth quarter worth about $240,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Univest Corporation of Pennsylvania in the fourth quarter worth about $244,000. Institutional investors own 75.07% of the company's stock.
Univest Corporation of Pennsylvania Stock Performance
Shares of UVSP traded down $0.08 during trading hours on Friday, hitting $31.67. The company's stock had a trading volume of 107,536 shares, compared to its average volume of 101,139. The company has a market cap of $912.41 million, a price-to-earnings ratio of 11.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $30.61 and a two-hundred day simple moving average of $29.60. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $81.04 million during the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. On average, equities analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.
Univest Corporation of Pennsylvania Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is presently 32.12%.
Insider Buying and Selling at Univest Corporation of Pennsylvania
In other news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the transaction, the director owned 50,193 shares in the company, valued at $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.
About Univest Corporation of Pennsylvania
(
Free Report)
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.
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