Cary Street Partners Financial LLC bought a new stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,988 shares of the financial services provider's stock, valued at approximately $354,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in UVSP. Barclays PLC raised its position 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Univest Financial in the 3rd quarter valued at approximately $79,000. Franklin Resources Inc. raised its position in shares of Univest Financial by 35.9% in the 3rd quarter. Franklin Resources Inc. now owns 48,312 shares of the financial services provider's stock valued at $1,348,000 after buying an additional 12,771 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Univest Financial by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider's stock worth $730,000 after purchasing an additional 488 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
Univest Financial Price Performance
UVSP stock traded up $0.10 during trading on Thursday, reaching $30.87. 25,838 shares of the company were exchanged, compared to its average volume of 113,404. The company has a 50-day moving average of $28.39 and a two-hundred day moving average of $29.64. The company has a market capitalization of $891.53 million, a price-to-earnings ratio of 11.92 and a beta of 0.73. Univest Financial Co. has a twelve month low of $20.37 and a twelve month 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.
Univest Financial (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $79.20 million during the quarter, compared to analysts' expectations of $77.65 million. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. As a group, equities analysts predict that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.
Univest Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a $0.22 dividend. This is a boost from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, May 7th. Univest Financial's dividend payout ratio is 32.96%.
Insider Buying and Selling at Univest Financial
In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the transaction, the director now owns 6,250 shares in the company, valued at $178,937.50. The trade was a 25.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Stephens reiterated an "equal weight" rating and set a $31.00 price objective on shares of Univest Financial in a research report on Thursday, January 23rd.
Check Out Our Latest Stock Report on Univest Financial
About Univest Financial
(
Free Report)
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.
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