Trexquant Investment LP Increases Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Key Points

• Trexquant Investment LP increased its holdings in Univest Corporation of Pennsylvania (NASDAQ: UVSP) by 81.3%, acquiring an additional 7,980 shares, bringing its total to 17,796 shares valued at approximately $505,000.
• Univest reported better-than-expected quarterly earnings, with earnings per share (EPS) of $0.69, exceeding analyst estimates of $0.64, and revenue of $81.04 million compared to forecasts of $79.50 million.
• The company declared a quarterly dividend of $0.22, representing an annual yield of 2.8%, with a payout ratio of 32.12% and the ex-dividend date occurring on August 6th.

Trexquant Investment LP increased its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 81.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,796 shares of the financial services provider's stock after acquiring an additional 7,980 shares during the quarter. Trexquant Investment LP owned about 0.06% of Univest Corporation of Pennsylvania worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UVSP. Tower Research Capital LLC TRC raised its position in shares of Univest Corporation of Pennsylvania by 161.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock worth $30,000 after purchasing an additional 619 shares during the last quarter. PNC Financial Services Group Inc. increased 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 buying an additional 1,076 shares in the last quarter. XTX Topco Ltd bought a new stake in Univest Corporation of Pennsylvania in the 1st quarter worth about $221,000. Ieq Capital LLC bought a new stake in Univest Corporation of Pennsylvania in the 1st quarter worth about $229,000. Finally, ProShare Advisors LLC bought a new stake in Univest Corporation of Pennsylvania in the 4th quarter worth about $240,000. Hedge funds and other institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Trading Up 0.6%

Univest Corporation of Pennsylvania stock opened at $31.36 on Tuesday. The business has a 50-day simple moving average of $30.75 and a two-hundred day simple moving average of $29.61. The company has a market cap of $903.48 million, a P/E ratio of 11.45 and a beta of 0.77. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

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

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the transaction, the director directly owned 50,193 shares in the company, valued at $1,593,627.75. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Univest Corporation of Pennsylvania 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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