Teacher Retirement System of Texas Sells 21,261 Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Teacher Retirement System of Texas reduced its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,887 shares of the financial services provider's stock after selling 21,261 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of Univest Corporation of Pennsylvania worth $989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Univest Corporation of Pennsylvania by 161.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock worth $30,000 after acquiring an additional 619 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Univest Corporation of Pennsylvania by 14.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock worth $142,000 after purchasing an additional 617 shares in the last quarter. ProShare Advisors LLC acquired a new position in Univest Corporation of Pennsylvania during the 4th quarter worth approximately $240,000. State of Tennessee Department of Treasury bought a new position in Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $244,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Univest Corporation of Pennsylvania by 10.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock valued at $277,000 after buying an additional 903 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ UVSP traded up $0.34 during midday trading on Monday, reaching $32.02. 114,396 shares of the company were exchanged, compared to its average volume of 113,200. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The stock has a market cap of $924.74 million, a P/E ratio of 11.99 and a beta of 0.73. The stock's 50-day moving average price is $30.27 and its 200-day moving average price is $29.48.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. On average, sell-side analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.22 dividend. This is a positive change from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Corporation of Pennsylvania's payout ratio is currently 32.96%.

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.