SG Americas Securities LLC Grows Stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

SG Americas Securities LLC grew its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 107.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,108 shares of the financial services provider's stock after acquiring an additional 10,426 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Univest Corporation of Pennsylvania worth $570,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Univest Corporation of Pennsylvania by 161.2% during 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Univest Corporation of Pennsylvania by 14.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock worth $142,000 after buying an additional 617 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $240,000. State of Tennessee Department of Treasury purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $244,000. Finally, Zacks Investment Management bought a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at approximately $289,000. Hedge funds and other institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ UVSP opened at $29.05 on Monday. The firm has a market cap of $838.96 million, a P/E ratio of 10.88 and a beta of 0.74. Univest Corporation of Pennsylvania has a twelve month low of $21.17 and a twelve month high of $32.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $29.37 and a 200 day moving average of $29.42.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $77.65 million. Univest Corporation of Pennsylvania had a return on equity of 8.84% and a net margin of 15.54%. As a group, research analysts expect that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.22 dividend. 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. This represents a $0.88 dividend on an annualized basis and a yield of 3.03%. Univest Corporation of Pennsylvania's payout ratio is 32.96%.

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.

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