Univest Corporation of Pennsylvania (NASDAQ:UVSP) Holdings Lowered by Royce & Associates LP

Key Points

• Royce & Associates LP has reduced its stake in Univest Corporation of Pennsylvania (NASDAQ: UVSP) by 28%, now holding 131,336 shares valued at approximately $3.7 million.
• Univest Corporation reported a quarterly earnings per share of $0.69, exceeding analysts' estimates of $0.64, alongside revenue of $81.04 million.
• The firm declared a quarterly dividend of $0.22 per share, resulting in an annualized yield of 3.00% and a payout ratio of 32.12%.

Royce & Associates LP cut its holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 28.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,336 shares of the financial services provider's stock after selling 51,115 shares during the quarter. Royce & Associates LP owned 0.45% of Univest Corporation of Pennsylvania worth $3,725,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UVSP. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth $361,000. Allianz Asset Management GmbH purchased a new stake in Univest Corporation of Pennsylvania during the 1st quarter worth approximately $4,953,000. Hussman Strategic Advisors Inc. purchased a new stake in Univest Corporation of Pennsylvania during the 1st quarter worth approximately $1,191,000. Victory Capital Management Inc. increased its position in shares of Univest Corporation of Pennsylvania by 4.1% during the first quarter. Victory Capital Management Inc. now owns 29,350 shares of the financial services provider's stock worth $832,000 after purchasing an additional 1,150 shares in the last quarter. Finally, CWM LLC grew its stake in 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 valued at $249,000 after acquiring an additional 1,850 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Down 0.5%

Univest Corporation of Pennsylvania stock traded down $0.16 during mid-day trading on Thursday, hitting $28.73. The company's stock had a trading volume of 29,550 shares, compared to its average volume of 112,613. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $32.86. The stock's fifty day moving average is $30.35 and its two-hundred day moving average is $29.64. The firm has a market capitalization of $829.58 million, a PE ratio of 10.48 and a beta of 0.73. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted 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 firm 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 8.98% and a net margin of 15.71%. On average, analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, August 6th. Univest Corporation of Pennsylvania's payout ratio is 32.12%.

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.