UNIVEST FINANCIAL Corp Has $14.76 Million Stock Position in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Key Points

• UNIVEST FINANCIAL Corp has reduced its stake in Univest Corporation of Pennsylvania by 2.1%, holding approximately $14.76 million worth of shares after selling 11,248 shares in the first quarter.
• Univest Corporation of Pennsylvania recently reported earnings of $0.69 per share, surpassing analysts' expectations of $0.64, with revenues of $81.04 million for the quarter.
• The company has announced a quarterly dividend of $0.22 per share, which will be paid on August 20th, resulting in an annualized yield of 3.1%.

UNIVEST FINANCIAL Corp lessened its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 2.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 520,580 shares of the financial services provider's stock after selling 11,248 shares during the period. Univest Corporation of Pennsylvania comprises about 1.0% of UNIVEST FINANCIAL Corp's portfolio, making the stock its 22nd largest holding. UNIVEST FINANCIAL Corp owned 1.80% of Univest Corporation of Pennsylvania worth $14,764,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Univest Corporation of Pennsylvania by 161.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 619 shares in the last quarter. XTX Topco Ltd acquired a new stake in Univest Corporation of Pennsylvania during the 1st quarter valued at $221,000. ProShare Advisors LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter valued at $240,000. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter worth $244,000. Finally, CWM LLC boosted its position in shares of Univest Corporation of Pennsylvania by 26.6% in the first quarter. CWM LLC now owns 8,794 shares of the financial services provider's stock worth $249,000 after buying an additional 1,850 shares during the period. 75.07% of the stock is owned by institutional investors.

Univest Corporation of Pennsylvania Stock Down 2.5%

Shares of UVSP stock traded down $0.72 on Friday, reaching $28.12. 120,909 shares of the company's stock traded hands, compared to its average volume of 104,468. The company has a market capitalization of $810.14 million, a P/E ratio of 10.26 and a beta of 0.76. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average price is $30.29 and its two-hundred day moving average price is $29.63.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $81.04 million for the quarter, compared to analysts' expectations of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a $0.22 dividend. The ex-dividend date is Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 32.12%.

Univest Corporation of Pennsylvania Company 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.