Victory Capital Management Inc. lowered its stake in Univest Corporation of Pennsylvania (NASDAQ:UVSP) by 16.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,027 shares of the financial services provider’s stock after selling 12,611 shares during the period. Victory Capital Management Inc.’s holdings in Univest Corporation of Pennsylvania were worth $1,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at about $1,789,000. State Street Corp boosted its position in shares of Univest Corporation of Pennsylvania by 15.7% in the fourth quarter. State Street Corp now owns 563,497 shares of the financial services provider’s stock valued at $17,412,000 after buying an additional 76,424 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at about $222,000. Dimensional Fund Advisors LP boosted its position in shares of Univest Corporation of Pennsylvania by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,051,854 shares of the financial services provider’s stock valued at $32,503,000 after buying an additional 69,197 shares during the period. Finally, Martingale Asset Management L P acquired a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at about $204,000. 61.66% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Univest Corporation of Pennsylvania (NASDAQ:UVSP)

Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at 29.75 on Friday. The stock has a market cap of $793.16 million, a PE ratio of 32.06 and a beta of 0.70. Univest Corporation of Pennsylvania has a one year low of $19.72 and a one year high of $31.50. The company’s 50 day moving average is $29.13 and its 200 day moving average is $28.59.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $49.25 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 11.75% and a return on equity of 7.31%. On average, equities research analysts expect that Univest Corporation of Pennsylvania will post $1.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Wednesday, June 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. Univest Corporation of Pennsylvania’s payout ratio is 85.11%.

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Several research analysts recently issued reports on UVSP shares. Sandler O’Neill started coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, April 12th. They set a “buy” rating for the company. ValuEngine raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 5,500 shares of company stock worth $153,495 over the last ninety days. 3.62% of the stock is owned by corporate insiders.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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