GAMMA Investing LLC Acquires 11,604 Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP)

GAMMA Investing LLC raised its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 5,981.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,798 shares of the financial services provider's stock after buying an additional 11,604 shares during the period. GAMMA Investing LLC's holdings in Univest Corporation of Pennsylvania were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Rafferty Asset Management LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 8.7% in the 4th quarter. Rafferty Asset Management LLC now owns 20,901 shares of the financial services provider's stock worth $617,000 after buying an additional 1,680 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter worth $240,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Univest Corporation of Pennsylvania by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider's stock worth $486,000 after buying an additional 614 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Univest Corporation of Pennsylvania by 57.0% in the 4th quarter. Deutsche Bank AG now owns 28,505 shares of the financial services provider's stock worth $841,000 after buying an additional 10,354 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter worth $354,000. Institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ:UVSP traded up $0.23 during trading on Friday, reaching $29.05. The company had a trading volume of 197,801 shares, compared to its average volume of 109,052. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Corporation of Pennsylvania has a 12 month low of $21.17 and a 12 month high of $32.75. The company has a fifty day moving average of $29.37 and a two-hundred day moving average of $29.44. The stock has a market capitalization of $838.96 million, a P/E ratio of 10.88 and a beta of 0.74.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $77.65 million. Equities research analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current 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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 3.03%. This is a positive change from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is currently 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.