UNIVEST FINANCIAL Corp Sells 11,248 Shares of 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 trimmed its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,580 shares of the financial services provider's stock after selling 11,248 shares during the quarter. Univest Corporation of Pennsylvania comprises about 1.0% of UNIVEST FINANCIAL Corp's holdings, making the stock its 22nd largest position. UNIVEST FINANCIAL Corp owned 1.80% of Univest Corporation of Pennsylvania worth $14,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Tennessee Department of Treasury purchased a new position in shares of Univest Corporation of Pennsylvania in the 4th quarter worth about $244,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider's stock worth $277,000 after purchasing an additional 903 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 5,981.4% in the 1st quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider's stock worth $335,000 after purchasing an additional 11,604 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Univest Corporation of Pennsylvania by 2.8% in the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock worth $10,012,000 after purchasing an additional 9,184 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 107.7% in the 1st quarter. SG Americas Securities LLC now owns 20,108 shares of the financial services provider's stock worth $570,000 after purchasing an additional 10,426 shares in the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Price Performance

Shares of UVSP traded up $0.25 during midday trading on Monday, reaching $28.37. The stock had a trading volume of 22,829 shares, compared to its average volume of 112,714. The company's 50-day moving average is $30.29 and its 200 day moving average is $29.63. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $32.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $817.20 million, a price-to-earnings ratio of 10.35 and a beta of 0.76.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued 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 during 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 predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend 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.