GAMMA Investing LLC Has $335,000 Stock Position in Univest Corporation of Pennsylvania (NASDAQ:UVSP)

GAMMA Investing LLC lifted its stake in shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 5,981.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,798 shares of the financial services provider’s stock after buying an additional 11,604 shares during the period. GAMMA Investing LLC’s holdings in Univest Corporation of Pennsylvania were worth $335,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State of Tennessee Department of Treasury bought a new position in Univest Corporation of Pennsylvania in the 4th quarter valued at approximately $244,000. Northern Trust Corp grew its holdings in Univest Corporation of Pennsylvania by 2.8% during the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider’s stock worth $10,012,000 after acquiring an additional 9,184 shares during the last quarter. Bank of America Corp DE grew its holdings in Univest Corporation of Pennsylvania by 23.1% during the 4th quarter. Bank of America Corp DE now owns 132,333 shares of the financial services provider’s stock worth $3,905,000 after acquiring an additional 24,792 shares during the last quarter. Ameriprise Financial Inc. increased its position in Univest Corporation of Pennsylvania by 189.8% in the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider’s stock valued at $11,759,000 after acquiring an additional 260,990 shares during the period. Finally, Deutsche Bank AG increased its position in Univest Corporation of Pennsylvania by 57.0% in the 4th quarter. Deutsche Bank AG now owns 28,505 shares of the financial services provider’s stock valued at $841,000 after acquiring an additional 10,354 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Price Performance

UVSP stock opened at $29.05 on Friday. The company has a market capitalization of $838.96 million, a P/E ratio of 10.88 and a beta of 0.74. The company has a fifty day moving average price of $29.37 and a 200-day moving average price of $29.46. 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 $21.17 and a 52-week high of $32.75.

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

Univest Corporation of Pennsylvania Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, May 7th. This is a positive change from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.21. Univest Corporation of Pennsylvania’s payout ratio is 32.96%.

About Univest Corporation of Pennsylvania

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.