Univest Corporation of Pennsylvania $UVSP Stake Lifted 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. raised its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 5.87% of Univest Corporation of Pennsylvania worth $48,077,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 22.4% during 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 last quarter. XTX Topco Ltd bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth about $221,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth about $361,000. Allianz Asset Management GmbH bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth about $4,953,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth about $1,191,000. Institutional investors own 75.07% of the company's stock.

Insiders Place Their Bets

In related news, Director Thomas M. Petro sold 9,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director owned 50,193 shares in the company, valued at $1,593,627.75. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Univest Corporation of Pennsylvania Stock Down 0.3%

Shares of UVSP stock traded down $0.08 during trading hours on Friday, hitting $31.67. 107,536 shares of the company were exchanged, compared to its average volume of 111,807. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The business's 50-day simple moving average is $30.56 and its two-hundred day simple moving average is $29.60. The stock has a market capitalization of $912.41 million, a price-to-earnings ratio of 11.56 and a beta of 0.76.

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 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $81.04 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 annualized dividend and a yield of 2.8%. Univest Corporation of Pennsylvania's dividend 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.