Teacher Retirement System of Texas Lowers Stock Holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Teacher Retirement System of Texas cut its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 37.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,887 shares of the financial services provider's stock after selling 21,261 shares during the period. Teacher Retirement System of Texas owned 0.12% of Univest Corporation of Pennsylvania worth $989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UVSP. Ameriprise Financial Inc. increased its stake in shares of Univest Corporation of Pennsylvania by 189.8% during the fourth quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock valued at $11,759,000 after purchasing an additional 260,990 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Univest Corporation of Pennsylvania in the 4th quarter worth approximately $2,299,000. The Manufacturers Life Insurance Company grew its position in shares of Univest Corporation of Pennsylvania by 6.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider's stock valued at $35,546,000 after acquiring an additional 75,964 shares during the period. American Century Companies Inc. grew its position in shares of Univest Corporation of Pennsylvania by 12.7% during the 4th quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider's stock valued at $18,661,000 after acquiring an additional 71,265 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Univest Corporation of Pennsylvania by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 139,102 shares of the financial services provider's stock valued at $4,105,000 after acquiring an additional 35,571 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP stock traded up $0.43 during mid-day trading on Thursday, reaching $31.93. 107,351 shares of the company's stock traded hands, compared to its average volume of 110,138. Univest Corporation of Pennsylvania has a 12 month low of $22.83 and a 12 month high of $32.86. The firm has a 50 day moving average price of $30.38 and a two-hundred day moving average price of $29.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $922.14 million, a PE ratio of 11.96 and a beta of 0.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. The firm had revenue of $79.20 million during the quarter, compared to the consensus estimate of $77.65 million. On average, research analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a dividend of $0.22 per share. This is an increase from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.76%. Univest Corporation of Pennsylvania's payout ratio is presently 32.96%.

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.