Univest Corporation of Pennsylvania (NASDAQ:UVSP) Issues Earnings Results, Beats Estimates By $0.15 EPS

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15, Zacks reports. Univest Corporation of Pennsylvania had a return on equity of 9.82% and a net margin of 17.51%.

Univest Corporation of Pennsylvania Trading Up 0.1%

NASDAQ:UVSP traded up $0.05 on Wednesday, reaching $36.73. The company’s stock had a trading volume of 131,561 shares, compared to its average volume of 176,174. Univest Corporation of Pennsylvania has a 12-month low of $27.77 and a 12-month high of $38.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 11.70 and a beta of 0.61. The stock has a 50 day moving average price of $34.68 and a 200 day moving average price of $33.04.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a $0.22 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. Univest Corporation of Pennsylvania’s payout ratio is currently 28.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.00.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in shares of Univest Corporation of Pennsylvania in the second quarter valued at $42,000. Geneos Wealth Management Inc. grew its stake in shares of Univest Corporation of Pennsylvania by 545.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,252 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania in the second quarter valued at $91,000. Tower Research Capital LLC TRC grew its stake in shares of Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after buying an additional 1,324 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.