Deutsche Bank AG Decreases Stock Holdings in Univest Corporation of Pennsylvania $UVSP

Deutsche Bank AG reduced its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,932 shares of the financial services provider’s stock after selling 2,573 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Univest Corporation of Pennsylvania worth $735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UVSP. Ameriprise Financial Inc. lifted its stake in shares of Univest Corporation of Pennsylvania by 189.8% during the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider’s stock worth $11,759,000 after purchasing an additional 260,990 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Univest Corporation of Pennsylvania in the first quarter valued at about $4,953,000. Raymond James Financial Inc. purchased a new stake in Univest Corporation of Pennsylvania in the fourth quarter valued at about $2,299,000. The Manufacturers Life Insurance Company raised its stake in Univest Corporation of Pennsylvania by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider’s stock valued at $35,546,000 after buying an additional 75,964 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Univest Corporation of Pennsylvania by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider’s stock valued at $48,077,000 after buying an additional 69,462 shares during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Trading Down 1.3%

Univest Corporation of Pennsylvania stock opened at $31.23 on Tuesday. The stock has a 50-day moving average of $30.38 and a two-hundred day moving average of $29.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a one year low of $22.83 and a one year high of $32.86. The stock has a market cap of $899.74 million, a PE ratio of 11.40 and a beta of 0.76.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%.The company had revenue of $81.04 million during the quarter, compared to analysts’ expectations of $79.50 million. On average, research analysts anticipate 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 was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a $0.22 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 32.12%.

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.