12,745 Shares in Univest Corporation of Pennsylvania (NASDAQ:UVSP) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 12,745 shares of Univest Corporation of Pennsylvania, valued at approximately $361,000, indicating significant institutional interest in the company.
• Univest Corporation recently reported earnings of $0.69 EPS, surpassing analyst expectations and showcasing a 15.71% net margin for the quarter.
• The company declared a quarterly dividend of $0.22 per share, with a yield of 3.1% and a payout ratio of 32.12%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,745 shares of the financial services provider's stock, valued at approximately $361,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position 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 last quarter. ProShare Advisors LLC bought a new stake in shares of Univest Corporation of Pennsylvania in the 4th quarter worth about $240,000. State of Tennessee Department of Treasury bought a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter valued at approximately $244,000. CWM LLC boosted its stake in shares of Univest Corporation of Pennsylvania by 26.6% during the 1st quarter. CWM LLC now owns 8,794 shares of the financial services provider's stock worth $249,000 after purchasing an additional 1,850 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Univest Corporation of Pennsylvania by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock worth $277,000 after acquiring an additional 903 shares during the last quarter. Institutional investors own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Trading Down 0.7%

UVSP traded down $0.20 on Thursday, reaching $28.31. 45,182 shares of the company traded hands, compared to its average volume of 112,833. The firm has a fifty day simple moving average of $30.22 and a two-hundred day simple moving average of $29.61. The company has a market cap of $815.61 million, a P/E ratio of 10.33 and a beta of 0.76. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year 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 posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business 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%. As a group, equities research analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, August 6th. Univest Corporation of Pennsylvania's payout ratio is 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.