Hussman Strategic Advisors Inc. Purchases Shares of 42,000 Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Hussman Strategic Advisors Inc. bought a new position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,000 shares of the financial services provider's stock, valued at approximately $1,191,000. Hussman Strategic Advisors Inc. owned approximately 0.14% of Univest Corporation of Pennsylvania as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Univest Corporation of Pennsylvania by 161.2% in 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 period. PNC Financial Services Group Inc. increased its position in shares of Univest Corporation of Pennsylvania by 14.8% during the fourth 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. ProShare Advisors LLC bought a new position in Univest Corporation of Pennsylvania in the fourth quarter worth $240,000. State of Tennessee Department of Treasury acquired a new stake in Univest Corporation of Pennsylvania during the fourth quarter worth $244,000. Finally, CWM LLC boosted its position in shares of Univest Corporation of Pennsylvania by 26.6% during the 1st quarter. CWM LLC now owns 8,794 shares of the financial services provider's stock valued at $249,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Price Performance

NASDAQ:UVSP traded up $0.04 during mid-day trading on Tuesday, hitting $31.90. The company's stock had a trading volume of 151,810 shares, compared to its average volume of 109,841. The company has a market capitalization of $921.27 million, a price-to-earnings ratio of 11.95 and a beta of 0.73. 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 fifty-two week low of $22.83 and a fifty-two week high of $32.86. The stock has a fifty day moving average of $30.43 and a 200-day moving average of $29.59.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Univest Corporation of Pennsylvania had a return on equity of 8.84% and a net margin of 15.54%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $77.65 million. As a group, equities analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.22 dividend. The ex-dividend date was Wednesday, May 7th. This is a positive change from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.76%. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is 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.