Janney Montgomery Scott LLC Has $209,000 Holdings in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Janney Montgomery Scott LLC decreased its position in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 70.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,383 shares of the financial services provider’s stock after selling 17,341 shares during the period. Janney Montgomery Scott LLC’s holdings in Univest Corporation of Pennsylvania were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UVSP. Bank of New York Mellon Corp grew its stake in Univest Corporation of Pennsylvania by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 152,028 shares of the financial services provider’s stock worth $4,486,000 after buying an additional 807 shares during the last quarter. Victory Capital Management Inc. grew its stake in Univest Corporation of Pennsylvania by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 28,200 shares of the financial services provider’s stock worth $832,000 after buying an additional 700 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Univest Corporation of Pennsylvania during the fourth quarter worth about $2,299,000. PNC Financial Services Group Inc. grew its stake in Univest Corporation of Pennsylvania by 14.8% during the fourth 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 during the last quarter. Finally, AlphaQuest LLC grew its stake in Univest Corporation of Pennsylvania by 93.1% during the fourth quarter. AlphaQuest LLC now owns 14,571 shares of the financial services provider’s stock worth $430,000 after buying an additional 7,024 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Price Performance

UVSP opened at $32.69 on Monday. Univest Corporation of Pennsylvania has a one year low of $21.73 and a one year high of $32.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $30.04 and its 200-day simple moving average is $29.40. The stock has a market capitalization of $943.94 million, a P/E ratio of 12.24 and a beta of 0.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $77.65 million. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.22 per share. This is a boost from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Corporation of Pennsylvania’s dividend payout ratio is 32.96%.

Univest Corporation of Pennsylvania 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.