SRS Capital Advisors Inc. purchased a new position in Univest Financial Corp (NASDAQ:UVSP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,787 shares of the financial services provider’s stock, valued at approximately $257,000.
A number of other institutional investors and hedge funds also recently modified their holdings of UVSP. Wells Fargo & Company MN grew its position in shares of Univest Financial by 75.8% during the second quarter. Wells Fargo & Company MN now owns 446,826 shares of the financial services provider’s stock worth $11,733,000 after purchasing an additional 192,707 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Univest Financial by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,897,325 shares of the financial services provider’s stock worth $40,925,000 after purchasing an additional 130,091 shares in the last quarter. Bank of America Corp DE grew its position in shares of Univest Financial by 754.2% during the fourth quarter. Bank of America Corp DE now owns 116,261 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 102,651 shares in the last quarter. Martingale Asset Management L P grew its position in shares of Univest Financial by 207.2% during the first quarter. Martingale Asset Management L P now owns 114,600 shares of the financial services provider’s stock worth $2,804,000 after purchasing an additional 77,296 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Univest Financial during the first quarter worth about $1,566,000. Institutional investors and hedge funds own 67.79% of the company’s stock.
Shares of NASDAQ:UVSP traded up $0.39 during trading on Thursday, hitting $25.43. 1,608 shares of the company’s stock were exchanged, compared to its average volume of 85,559. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98. Univest Financial Corp has a 52-week low of $20.18 and a 52-week high of $28.85. The business’s 50-day simple moving average is $25.99 and its 200 day simple moving average is $25.40. The company has a market cap of $743.19 million, a price-to-earnings ratio of 12.59 and a beta of 0.76.
Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Univest Financial had a return on equity of 10.19% and a net margin of 24.51%. The company had revenue of $58.99 million during the quarter, compared to analyst estimates of $58.10 million. On average, sell-side analysts anticipate that Univest Financial Corp will post 2.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. Univest Financial’s payout ratio is 39.60%.
Several research firms recently issued reports on UVSP. Zacks Investment Research upgraded Univest Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. ValuEngine cut Univest Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
About Univest Financial
Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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