Univest Corporation of Pennsylvania $UVSP Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Univest Corporation of Pennsylvania by 4.3%, now holding approximately 5.87% of the company's shares valued at $48.08 million.
• The company reported earnings per share of $0.69, exceeding analysts' expectations of $0.64, with a quarterly revenue of $81.04 million.
• Univest Corporation announced a dividend payout of $0.22 per share, representing an annualized yield of 2.8% and a payout ratio of 32.12%.

Vanguard Group Inc. increased its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,695,235 shares of the financial services provider's stock after buying an additional 69,462 shares during the period. Vanguard Group Inc. owned about 5.87% of Univest Corporation of Pennsylvania worth $48,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Univest Corporation of Pennsylvania by 22.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider's stock worth $167,000 after purchasing an additional 1,076 shares during the period. XTX Topco Ltd acquired a new position in Univest Corporation of Pennsylvania in the first quarter worth $221,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Univest Corporation of Pennsylvania in the first quarter worth $361,000. Allianz Asset Management GmbH acquired a new position in Univest Corporation of Pennsylvania in the first quarter worth $4,953,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in Univest Corporation of Pennsylvania in the first quarter worth $1,191,000. Institutional investors own 75.07% of the company's stock.

Insider Activity

In other news, Director Thomas M. Petro sold 9,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the completion of the transaction, the director owned 50,193 shares of the company's stock, valued at approximately $1,593,627.75. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company's stock.

Univest Corporation of Pennsylvania Stock Performance

Univest Corporation of Pennsylvania stock traded down $0.08 during mid-day trading on Friday, reaching $31.67. The company's stock had a trading volume of 107,536 shares, compared to its average volume of 100,470. The firm has a market cap of $912.41 million, a price-to-earnings ratio of 11.56 and a beta of 0.77. The business has a 50 day moving average price of $30.61 and a 200-day moving average price of $29.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. Univest Corporation of Pennsylvania has a twelve month low of $22.83 and a twelve month high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 15.71% and a return on equity of 8.92%. Sell-side analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

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

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.