Univest Corporation of Pennsylvania (NASDAQ:UVSP) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05, Zacks reports. The business had revenue of $81.04 million for 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 8.98%.

Univest Corporation of Pennsylvania Price Performance

UVSP traded down $0.23 on Friday, reaching $29.38. The company had a trading volume of 120,633 shares, compared to its average volume of 122,089. The business has a 50 day simple moving average of $30.40 and a 200 day simple moving average of $29.62. The company has a market cap of $848.49 million, a price-to-earnings ratio of 10.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, August 6th. Univest Corporation of Pennsylvania's dividend payout ratio is currently 32.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UVSP. Jane Street Group LLC bought a new position in Univest Corporation of Pennsylvania during the first quarter valued at approximately $1,467,000. Empowered Funds LLC grew its position in Univest Corporation of Pennsylvania by 4.2% during the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider's stock valued at $2,907,000 after acquiring an additional 4,087 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 2,252 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Univest Corporation of Pennsylvania by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock valued at $487,000 after acquiring an additional 703 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.

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.