Rhumbline Advisers Decreases Stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Rhumbline Advisers lessened its holdings in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,953 shares of the financial services provider’s stock after selling 1,815 shares during the period. Rhumbline Advisers owned approximately 0.15% of Univest Corporation of Pennsylvania worth $1,275,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UVSP. Bailard Inc. raised its holdings in Univest Corporation of Pennsylvania by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 332 shares during the last quarter. Legal & General Group Plc increased its position in shares of Univest Corporation of Pennsylvania by 1.9% in the fourth quarter. Legal & General Group Plc now owns 28,530 shares of the financial services provider’s stock valued at $842,000 after buying an additional 528 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Univest Corporation of Pennsylvania by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider’s stock worth $486,000 after buying an additional 614 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Univest Corporation of Pennsylvania by 14.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider’s stock worth $142,000 after buying an additional 617 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 worth $30,000 after buying an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Stock Performance

NASDAQ:UVSP opened at $28.82 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $832.32 million, a P/E ratio of 10.79 and a beta of 0.74. The firm has a 50-day moving average price of $29.29 and a two-hundred day moving average price of $29.48. Univest Corporation of Pennsylvania has a twelve month low of $21.17 and a twelve month high of $32.75.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. The business had revenue of $79.20 million during the quarter, compared to analysts’ expectations of $77.65 million. As a group, research analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.05%. This is a positive change from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.21. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 32.96%.

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.