Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 360,025 shares of the financial services provider's stock after selling 15,638 shares during the period. Leeward Investments LLC MA owned about 1.24% of Univest Corporation of Pennsylvania worth $10,210,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its stake 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 worth $142,000 after purchasing an additional 617 shares during the last quarter. ProShare Advisors LLC acquired a new position in Univest Corporation of Pennsylvania in the fourth quarter valued at $240,000. State of Tennessee Department of Treasury acquired a new position in Univest Corporation of Pennsylvania in the fourth quarter valued at $244,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Univest Corporation of Pennsylvania by 10.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after acquiring an additional 903 shares during the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Up 4.4%

Univest Corporation of Pennsylvania stock traded up $1.38 during midday trading on Friday, reaching $32.69. The stock had a trading volume of 111,299 shares, compared to its average volume of 110,371. The stock's 50-day simple moving average is $30.04 and its 200 day simple moving average is $29.40. 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 twelve month low of $21.73 and a twelve month high of $32.77. The stock has a market capitalization of $943.94 million, a PE ratio of 12.24 and a beta of 0.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data 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. 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. Analysts expect that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 7th. Univest Corporation of Pennsylvania's 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.