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 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05, Zacks reports. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.98%. The company had revenue of $81.04 million during the quarter, compared to analyst estimates of $79.50 million.

Univest Corporation of Pennsylvania Stock Down 0.8%

Shares of UVSP stock traded down $0.23 during mid-day trading on Friday, hitting $29.38. 120,633 shares of the stock traded hands, compared to its average volume of 113,475. The stock has a market cap of $848.49 million, a P/E ratio of 10.72 and a beta of 0.73. The stock's fifty day moving average is $30.42 and its two-hundred day moving average is $29.61. Univest Corporation of Pennsylvania has a 52-week low of $22.83 and a 52-week high of $32.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania Announces Dividend

The company 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. This represents a $0.88 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, August 6th. Univest Corporation of Pennsylvania's payout ratio is 32.12%.

Institutional Trading of Univest Corporation of Pennsylvania

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 2,252 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 703 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the first quarter valued at about $1,467,000. Finally, Empowered Funds LLC lifted its position in shares of 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 buying an additional 4,087 shares during the last quarter. 75.07% of the stock is owned by hedge funds and other 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.