UNIVEST FINANCIAL Corp Has $15.69 Million Position in Univest Financial Co. (NASDAQ:UVSP)

UNIVEST FINANCIAL Corp boosted its stake in shares of Univest Financial Co. (NASDAQ:UVSP) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,828 shares of the financial services provider’s stock after purchasing an additional 380 shares during the quarter. Univest Financial comprises approximately 1.0% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 25th biggest position. UNIVEST FINANCIAL Corp owned about 1.83% of Univest Financial worth $15,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in Univest Financial by 23.0% in the 4th quarter. Prudential Financial Inc. now owns 173,024 shares of the financial services provider’s stock valued at $5,106,000 after purchasing an additional 32,400 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Univest Financial during the fourth quarter worth approximately $511,000. American Century Companies Inc. raised its position in shares of Univest Financial by 12.7% in the fourth quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider’s stock valued at $18,661,000 after buying an additional 71,265 shares in the last quarter. Teacher Retirement System of Texas grew its position in Univest Financial by 22.0% during the fourth quarter. Teacher Retirement System of Texas now owns 56,148 shares of the financial services provider’s stock worth $1,657,000 after buying an additional 10,131 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Univest Financial by 66.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,722 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 9,890 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and set a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd.

Univest Financial Price Performance

UVSP stock opened at $29.30 on Wednesday. The stock has a market cap of $849.76 million, a price-to-earnings ratio of 11.31 and a beta of 0.89. Univest Financial Co. has a 1 year low of $18.41 and a 1 year high of $32.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $29.83 and a 200 day simple moving average of $29.48.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. Research analysts anticipate that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, February 5th. Univest Financial’s dividend payout ratio is presently 32.43%.

Insider Buying and Selling

In related news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the acquisition, the director now owns 6,250 shares of the company’s stock, valued at $178,937.50. This trade represents a 25.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by insiders.

Univest Financial 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.