Janney Montgomery Scott LLC Sells 17,341 Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Janney Montgomery Scott LLC lessened its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 70.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,383 shares of the financial services provider's stock after selling 17,341 shares during the quarter. Janney Montgomery Scott LLC's holdings in Univest Corporation of Pennsylvania were worth $209,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of 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 buying an additional 619 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 14.8% in 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 buying an additional 617 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $240,000. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $244,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after buying an additional 903 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Stock Performance

UVSP remained flat at $32.32 during trading hours on Thursday. The company had a trading volume of 85,989 shares, compared to its average volume of 110,298. Univest Corporation of Pennsylvania has a twelve month low of $21.73 and a twelve month high of $32.86. The company's 50 day simple moving average is $30.25 and its 200-day simple moving average is $29.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $933.40 million, a price-to-earnings ratio of 12.10 and a beta of 0.73.

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

Univest Corporation of Pennsylvania Increases Dividend

The firm 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 represents a $0.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, May 7th. This is a boost from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. Univest Corporation of Pennsylvania's dividend payout ratio is 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.