Janney Montgomery Scott LLC Reduces Stock Holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Janney Montgomery Scott LLC trimmed its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 70.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised 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 worth $30,000 after purchasing an additional 619 shares during the period. PNC Financial Services Group Inc. raised 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 worth $142,000 after purchasing an additional 617 shares during the period. ProShare Advisors LLC purchased a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter worth about $240,000. State of Tennessee Department of Treasury purchased a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter worth about $244,000. Finally, Wealth Enhancement Advisory Services LLC raised 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 worth $277,000 after purchasing an additional 903 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Stock Down 2.1%

Shares of NASDAQ:UVSP traded down $0.69 during mid-day trading on Monday, hitting $32.01. 115,679 shares of the company traded hands, compared to its average volume of 110,575. The firm has a market cap of $924.45 million, a P/E ratio of 11.99 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a 52-week low of $21.73 and a 52-week high of $32.86. The firm's 50 day simple moving average is $30.09 and its 200 day simple moving average is $29.41.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last announced 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. The business had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Univest Corporation of Pennsylvania had a return on equity of 8.84% and a net margin of 15.54%. On average, equities analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The business 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. This is an increase from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is presently 32.96%.

Univest Corporation of Pennsylvania 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.