Leeward Investments LLC MA Has $11.09 Million Position in Univest Financial Co. (NASDAQ:UVSP)

Leeward Investments LLC MA cut its position in Univest Financial Co. (NASDAQ:UVSP) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,663 shares of the financial services provider’s stock after selling 27,913 shares during the period. Leeward Investments LLC MA’s holdings in Univest Financial were worth $11,086,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UVSP. Assenagon Asset Management S.A. grew its stake in shares of Univest Financial by 57.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 228,321 shares of the financial services provider’s stock valued at $6,425,000 after buying an additional 83,312 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Univest Financial by 64.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,531 shares of the financial services provider’s stock valued at $2,913,000 after buying an additional 40,545 shares during the period. Barclays PLC grew its stake in shares of Univest Financial by 91.3% in the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider’s stock valued at $1,875,000 after buying an additional 31,783 shares during the period. Martingale Asset Management L P grew its stake in shares of Univest Financial by 58.8% in the 3rd quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider’s stock valued at $2,013,000 after buying an additional 26,473 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Univest Financial by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after buying an additional 23,770 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Price Performance

UVSP stock opened at $29.64 on Friday. The company has a market capitalization of $860.75 million, a P/E ratio of 11.44 and a beta of 0.89. 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 Financial Co. has a 52-week low of $18.41 and a 52-week high of $32.75. The business has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $29.17.

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

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. Univest Financial’s dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “equal weight” rating and issued a $31.00 target price on shares of Univest Financial in a research note on Thursday, January 23rd.

About Univest Financial

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.