Trexquant Investment LP lifted its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 81.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,796 shares of the financial services provider's stock after purchasing an additional 7,980 shares during the quarter. Trexquant Investment LP owned 0.06% of Univest Corporation of Pennsylvania worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of UVSP. Tower Research Capital LLC TRC grew its stake in shares of 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 period. PNC Financial Services Group Inc. lifted its holdings in Univest Corporation of Pennsylvania by 22.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock worth $167,000 after purchasing an additional 1,076 shares in the last quarter. XTX Topco Ltd purchased a new position in Univest Corporation of Pennsylvania in the 1st quarter worth approximately $221,000. Ieq Capital LLC purchased a new position in Univest Corporation of Pennsylvania in the 1st quarter worth approximately $229,000. Finally, ProShare Advisors LLC purchased a new position in Univest Corporation of Pennsylvania in the 4th quarter worth approximately $240,000. 75.07% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Thomas M. Petro sold 9,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director owned 50,193 shares of the company's stock, 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 through this link. Insiders own 1.70% of the company's stock.
Univest Corporation of Pennsylvania Trading Down 1.7%
Shares of NASDAQ UVSP traded down $0.53 during trading hours on Friday, hitting $30.76. 91,389 shares of the company traded hands, compared to its average volume of 99,723. The company's 50 day moving average price is $30.68 and its 200 day moving average price is $29.65. Univest Corporation of Pennsylvania has a 12 month low of $22.83 and a 12 month high of $32.86. The stock has a market capitalization of $886.20 million, a price-to-earnings ratio of 11.23 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 quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $81.04 million for 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 research analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.
Univest Corporation of Pennsylvania Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.
Univest Corporation of Pennsylvania Company Profile
(
Free Report)
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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