Smartleaf Asset Management LLC Has $1.12 Million Stock Position in Univest Corporation of Pennsylvania $UVSP

Key Points

• Smartleaf Asset Management LLC increased its position in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 33.4% during the first quarter, now owning 39,166 shares valued at approximately $1.12 million.
• Univest reported $0.69 earnings per share for the last quarter, exceeding analysts' estimates of $0.64, with revenues of $81.04 million.
• The company announced a quarterly dividend of $0.22, yielding 2.8%, with a payout ratio of 32.12%.

Smartleaf Asset Management LLC boosted its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 33.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,166 shares of the financial services provider's stock after buying an additional 9,811 shares during the period. Smartleaf Asset Management LLC owned 0.14% of Univest Corporation of Pennsylvania worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UVSP. Legal & General Group Plc raised its stake in shares of Univest Corporation of Pennsylvania by 1.9% during the 4th quarter. Legal & General Group Plc now owns 28,530 shares of the financial services provider's stock worth $842,000 after buying an additional 528 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Univest Corporation of Pennsylvania by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider's stock worth $486,000 after purchasing an additional 614 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Univest Corporation of Pennsylvania by 161.2% during the 4th 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 during the period. Everhart Financial Group Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 2.9% in the 1st quarter. Everhart Financial Group Inc. now owns 28,449 shares of the financial services provider's stock valued at $807,000 after purchasing an additional 810 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Univest Corporation of Pennsylvania by 10.2% during 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 acquiring an additional 903 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Univest Corporation of Pennsylvania Stock Up 0.4%

UVSP traded up $0.12 during trading hours on Friday, reaching $31.87. 22,914 shares of the stock traded hands, compared to its average volume of 111,288. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The firm's fifty day simple moving average is $30.56 and its two-hundred day simple moving average is $29.60. The company has a market cap of $918.17 million, a price-to-earnings ratio of 11.63 and a beta of 0.76. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued 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 return on equity of 8.92% and a net margin of 15.71%. As a group, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 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.