Univest Corporation of Pennsylvania (NASDAQ:UVSP) Short Interest Update

Univest Corporation of Pennsylvania (NASDAQ:UVSP) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 274,300 shares, adeclineof26.5% from the July 15th total of 373,300 shares. Currently,1.0% of the shares of the company are sold short. Based on an average trading volume of 110,000 shares, the short-interest ratio is presently 2.5 days. Based on an average trading volume of 110,000 shares, the short-interest ratio is presently 2.5 days. Currently,1.0% of the shares of the company are sold short.

Univest Corporation of Pennsylvania Stock Up 5.4%

Shares of NASDAQ:UVSP opened at $31.63 on Friday. The company has a market cap of $911.26 million, a price-to-earnings ratio of 11.54 and a beta of 0.76. The firm’s 50-day simple moving average is $30.33 and its 200-day simple moving average is $29.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $81.04 million for the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. As a group, equities research analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend 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 payout ratio is currently 32.12%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Univest Corporation of Pennsylvania by 4.3% during the first quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider’s stock worth $48,077,000 after acquiring an additional 69,462 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Univest Corporation of Pennsylvania by 15.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock worth $44,335,000 after acquiring an additional 193,561 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Univest Corporation of Pennsylvania by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider’s stock worth $35,546,000 after acquiring an additional 75,964 shares during the last quarter. Geode Capital Management LLC raised its position in Univest Corporation of Pennsylvania by 5.0% during the second quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock worth $23,243,000 after acquiring an additional 36,662 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Univest Corporation of Pennsylvania by 0.9% during the second quarter. American Century Companies Inc. now owns 688,723 shares of the financial services provider’s stock worth $20,689,000 after acquiring an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

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.