Bank of America Corp DE lifted its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,333 shares of the financial services provider's stock after purchasing an additional 24,792 shares during the period. Bank of America Corp DE owned 0.46% of Univest Financial worth $3,905,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in shares of Univest Financial by 94.1% during the 4th quarter. BNP Paribas Financial Markets now owns 23,840 shares of the financial services provider's stock worth $704,000 after buying an additional 11,555 shares during the period. Ameriprise Financial Inc. grew its position in shares of Univest Financial by 189.8% in the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock valued at $11,759,000 after purchasing an additional 260,990 shares during the period. Northern Trust Corp grew its position in shares of Univest Financial by 2.8% in the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 9,184 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Univest Financial by 6.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider's stock valued at $35,546,000 after purchasing an additional 75,964 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of Univest Financial by 68.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 39,593 shares of the financial services provider's stock valued at $1,168,000 after purchasing an additional 16,138 shares during the period. Institutional investors own 75.07% of the company's stock.
Univest Financial Stock Down 0.8%
Shares of UVSP traded down $0.23 on Friday, hitting $29.61. The company's stock had a trading volume of 110,173 shares, compared to its average volume of 108,066. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average price is $28.79 and its 200-day moving average price is $29.68. Univest Financial Co. has a fifty-two week low of $20.37 and a fifty-two week high of $32.75. The firm has a market capitalization of $855.14 million, a price-to-earnings ratio of 11.43 and a beta of 0.73.
Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $77.65 million. On average, equities research analysts expect that Univest Financial Co. will post 2.36 EPS for the current year.
Univest Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a $0.22 dividend. The ex-dividend date was Wednesday, May 7th. This is a positive change from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.97%. Univest Financial's payout ratio is currently 32.96%.
Insider Buying and Selling at Univest Financial
In other news, Director Anne Vazquez bought 1,250 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the purchase, the director now owns 6,250 shares of the company's stock, valued at approximately $178,937.50. The trade was a 25.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company's stock.
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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