Univest Financial Co. (NASDAQ:UVSP) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,333 shares of the financial services provider's stock after purchasing an additional 24,792 shares during the quarter. Bank of America Corp DE owned 0.46% of Univest Financial worth $3,905,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Univest Financial by 161.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 619 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Univest Financial by 14.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 617 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in Univest Financial during the fourth quarter valued at approximately $244,000. Zacks Investment Management purchased a new stake in shares of Univest Financial in the fourth quarter valued at approximately $289,000. Finally, Trexquant Investment LP purchased a new stake in shares of Univest Financial in the fourth quarter valued at approximately $290,000. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Financial Price Performance

Shares of Univest Financial stock traded up $0.25 on Tuesday, reaching $29.40. The company's stock had a trading volume of 143,697 shares, compared to its average volume of 108,380. The company has a market capitalization of $849.07 million, a P/E ratio of 11.35 and a beta of 0.73. Univest Financial Co. has a 52-week low of $20.37 and a 52-week high of $32.75. The stock has a 50-day moving average price of $28.79 and a 200-day moving average price of $29.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, beating 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 return on equity of 8.51% and a net margin of 15.17%. 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. Stockholders of record on Wednesday, May 7th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This is a boost from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.99%. Univest Financial's payout ratio is 32.96%.

Insider Activity

In other Univest Financial news, Director Anne Vazquez acquired 1,250 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 6,250 shares of the company's stock, valued at $178,937.50. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

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.