Strs Ohio Purchases New Stake in Univest Corporation of Pennsylvania $UVSP

Key Points

• Strs Ohio acquired a new stake in Univest Corporation, purchasing 21,000 shares valued at approximately $596,000, reflecting a 0.07% ownership as per the latest SEC filing.
• Other institutional investors have significantly increased their positions in Univest; for instance, Geneos Wealth Management boosted its stake by 545.3% during the same period.
• Univest Corporation reported a quarterly EPS of $0.69, exceeding analysts' expectations, and declared a quarterly dividend of $0.22 per share, yielding 2.8% annually.

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Univest Corporation of Pennsylvania by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider's stock worth $48,077,000 after acquiring an additional 69,462 shares during the period. The Manufacturers Life Insurance Company boosted its position in Univest Corporation of Pennsylvania by 6.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,282,311 shares of the financial services provider's stock worth $36,366,000 after acquiring an additional 77,781 shares during the last quarter. American Century Companies Inc. boosted its position in Univest Corporation of Pennsylvania by 8.0% during the first quarter. American Century Companies Inc. now owns 682,823 shares of the financial services provider's stock worth $19,365,000 after acquiring an additional 50,469 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Univest Corporation of Pennsylvania by 2.1% during the first quarter. Bridgeway Capital Management LLC now owns 202,654 shares of the financial services provider's stock worth $5,747,000 after purchasing an additional 4,087 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in Univest Corporation of Pennsylvania during the first quarter worth about $4,953,000. Hedge funds and other institutional investors own 75.07% of the company's stock.

Insiders Place Their Bets

In other news, Director Thomas M. Petro sold 9,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total transaction of $285,750.00. Following the transaction, the director owned 50,193 shares in the company, valued at approximately $1,593,627.75. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Stock Down 0.0%

UVSP traded down $0.02 during trading hours on Tuesday, hitting $30.85. 18,109 shares of the company's stock were exchanged, compared to its average volume of 110,854. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The firm has a 50 day moving average of $30.53 and a 200 day moving average of $29.70. The firm has a market cap of $888.64 million, a P/E ratio of 11.24 and a beta of 0.77. 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 (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $81.04 million during the quarter, compared to analysts' expectations of $79.50 million. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. Analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS 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 issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 2.9%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.

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.