Strs Ohio Acquires Shares of 21,000 Univest Corporation of Pennsylvania $UVSP

Strs Ohio purchased a new stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,000 shares of the financial services provider's stock, valued at approximately $596,000. Strs Ohio owned 0.07% of Univest Corporation of Pennsylvania as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider's stock worth $76,000 after acquiring an additional 2,252 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock valued at $167,000 after buying an additional 1,076 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Univest Corporation of Pennsylvania during the 1st quarter valued at about $221,000. Ieq Capital LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the first quarter valued at approximately $229,000. Finally, ProShare Advisors LLC bought a new position in shares of Univest Corporation of Pennsylvania in the fourth quarter worth about $240,000. 75.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Thomas M. Petro sold 9,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the sale, the director directly owned 50,193 shares of the company's stock, valued at $1,593,627.75. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

Univest Corporation of Pennsylvania Stock Performance

UVSP stock opened at $31.21 on Friday. The firm has a 50-day simple moving average of $30.55 and a two-hundred day simple moving average of $29.68. The firm has a market cap of $899.16 million, a price-to-earnings ratio of 11.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $81.04 million during the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were issued a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. Univest Corporation of Pennsylvania's payout ratio is currently 32.12%.

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.

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