Nuveen LLC Makes New $3.38 Million Investment in Univest Corporation of Pennsylvania $UVSP

Key Points

• Nuveen LLC acquired a new stake in Univest Corporation of Pennsylvania (NASDAQ: UVSP), purchasing 119,324 shares valued at approximately $3.38 million during the 1st quarter.
• Univest announced a quarterly dividend of $0.22 per share, resulting in an annualized dividend of $0.88 and a yield of 2.8%.
• The company reported a quarterly earnings per share of $0.69, exceeding analysts' expectations and contributing to a market capitalization of $918.75 million.

Nuveen LLC acquired a new position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 119,324 shares of the financial services provider's stock, valued at approximately $3,384,000. Nuveen LLC owned about 0.41% of Univest Corporation of Pennsylvania as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Univest Corporation of Pennsylvania by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 18,698 shares of the financial services provider's stock valued at $552,000 after acquiring an additional 3,701 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter valued at about $2,299,000. Barclays PLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 9.9% in the fourth quarter. Barclays PLC now owns 73,185 shares of the financial services provider's stock valued at $2,160,000 after acquiring an additional 6,582 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 17,559 shares of the financial services provider's stock valued at $518,000 after acquiring an additional 969 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 acquiring an additional 619 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Stock Performance

Shares of NASDAQ:UVSP traded down $0.10 during midday trading on Tuesday, hitting $31.57. The stock had a trading volume of 88,847 shares, compared to its average volume of 94,542. The company has a market capitalization of $909.53 million, a PE ratio of 11.52 and a beta of 0.77. The stock has a 50 day moving average price of $30.66 and a two-hundred day moving average price of $29.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $81.04 million for the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. As a group, equities analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were paid a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is 32.12%.

Insider Activity at Univest Corporation of Pennsylvania

In related news, Director Thomas M. Petro sold 9,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the sale, the director owned 50,193 shares in the company, valued at $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

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.