Univest Financial Co. (NASDAQ:UVSP) Position Increased by Northern Trust Corp

Northern Trust Corp boosted its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 339,290 shares of the financial services provider's stock after purchasing an additional 9,184 shares during the period. Northern Trust Corp owned about 1.17% of Univest Financial worth $10,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in Univest Financial by 6.7% in the fourth 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 last quarter. Tudor Investment Corp ET AL boosted its holdings in Univest Financial by 68.8% in the fourth 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 last quarter. Two Sigma Securities LLC purchased a new position in Univest Financial in the fourth quarter valued at about $334,000. Price T Rowe Associates Inc. MD boosted its holdings in Univest Financial by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,910 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 1,746 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in Univest Financial in the fourth quarter valued at about $244,000. Hedge funds and other institutional investors own 75.07% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reaffirmed an "equal weight" rating and set a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd.

Insider Buying and Selling

In related news, Director Anne Vazquez purchased 1,250 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $28.63 per share, with a total value of $35,787.50. Following the acquisition, the director now owns 6,250 shares in the company, valued at approximately $178,937.50. This trade represents a 25.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company's stock.

Univest Financial Stock Performance

NASDAQ:UVSP traded down $0.24 during trading hours on Friday, reaching $29.38. 87,718 shares of the stock were exchanged, compared to its average volume of 107,391. 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 has a 50 day simple moving average of $28.71 and a 200-day simple moving average of $29.74. Univest Financial Co. has a 52 week low of $20.37 and a 52 week high of $32.75. The stock has a market capitalization of $848.49 million, a P/E ratio of 11.34 and a beta of 0.73.

Univest Financial (NASDAQ:UVSP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. The company had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. As a group, sell-side analysts forecast that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.

Univest Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, May 7th. This is an increase from Univest Financial's previous quarterly dividend of $0.21. Univest Financial's dividend payout ratio (DPR) is currently 32.96%.

Univest Financial Company Profile

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.