GAMMA Investing LLC Grows Holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

GAMMA Investing LLC increased its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 5,981.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,798 shares of the financial services provider's stock after acquiring an additional 11,604 shares during the period. GAMMA Investing LLC's holdings in Univest Corporation of Pennsylvania were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bailard Inc. grew its holdings in Univest Corporation of Pennsylvania by 1.6% in the 4th quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock worth $624,000 after acquiring an additional 332 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Univest Corporation of Pennsylvania by 1.9% during the fourth quarter. Legal & General Group Plc now owns 28,530 shares of the financial services provider's stock worth $842,000 after purchasing an additional 528 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Univest Corporation of Pennsylvania by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider's stock worth $486,000 after purchasing an additional 614 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Univest Corporation of Pennsylvania by 14.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 617 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Univest Corporation of Pennsylvania by 161.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 619 shares during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Up 0.7%

Shares of UVSP stock traded up $0.22 during trading hours on Tuesday, reaching $30.36. The company's stock had a trading volume of 74,534 shares, compared to its average volume of 108,781. 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 one year low of $21.17 and a one year high of $32.75. The stock has a market capitalization of $876.80 million, a P/E ratio of 11.37 and a beta of 0.74. The firm's fifty day simple moving average is $29.45 and its 200 day simple moving average is $29.41.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Equities research analysts expect that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.22 dividend. This is an increase from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Corporation of Pennsylvania's dividend payout ratio 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.