8,074 Shares in Univest Corporation of Pennsylvania $UVSP Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC invested $229,000 in Univest Corporation of Pennsylvania, acquiring 8,074 shares in the first quarter.
• Univest reported earnings of $0.69 EPS for the last quarter, exceeding analysts' expectations by $0.05, with revenues of $81.04 million.
• The company declared a quarterly dividend of $0.22 per share, yielding approximately 2.8%, with a payout ratio of 32.12%.

Ieq Capital LLC acquired a new position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,074 shares of the financial services provider's stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake 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 valued at $30,000 after buying an additional 619 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock worth $167,000 after buying an additional 1,076 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Univest Corporation of Pennsylvania during the 1st quarter worth approximately $221,000. ProShare Advisors LLC bought a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter worth approximately $240,000. Finally, CWM LLC boosted its holdings 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 worth $249,000 after buying an additional 1,850 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total transaction of $285,750.00. Following the transaction, the director directly owned 50,193 shares in the company, valued at approximately $1,593,627.75. This represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Trading Down 1.7%

Shares of Univest Corporation of Pennsylvania stock traded down $0.53 on Friday, reaching $30.76. 91,389 shares of the company's stock were exchanged, compared to its average volume of 99,723. The company has a market capitalization of $886.20 million, a P/E ratio of 11.23 and a beta of 0.77. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $32.86. The firm's 50-day moving average is $30.68 and its two-hundred day moving average is $29.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $81.04 million for the quarter, compared to analysts' expectations of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. Sell-side analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, August 6th. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.

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.