Univest Financial Co. (NASDAQ:UVSP) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,880 shares of the financial services provider's stock after selling 18,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.14% of Univest Financial worth $1,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bailard Inc. raised its stake in Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock worth $624,000 after buying an additional 332 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Univest Financial by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider's stock valued at $730,000 after buying an additional 488 shares during the period. Legal & General Group Plc increased its holdings in shares of Univest Financial by 1.9% in the 4th quarter. Legal & General Group Plc now owns 28,530 shares of the financial services provider's stock worth $842,000 after buying an additional 528 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Univest Financial by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,468 shares of the financial services provider's stock valued at $486,000 after acquiring an additional 614 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Univest Financial by 14.8% during the 4th 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 during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Stock Down 1.8%

Shares of UVSP traded down $0.52 on Wednesday, reaching $28.88. The stock had a trading volume of 83,565 shares, compared to its average volume of 108,466. The company has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $29.65. The firm has a market capitalization of $834.05 million, a price-to-earnings ratio of 11.15 and a beta of 0.73. Univest Financial Co. has a 12-month low of $20.37 and a 12-month high of $32.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

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 the consensus estimate of $0.64 by $0.13. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. The firm had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Sell-side analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.05%. This is a positive change from Univest Financial's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Financial's payout ratio is 32.96%.

Insider Buying and Selling

In other news, Director Anne Vazquez acquired 1,250 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $28.63 per share, with a total value of $35,787.50. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Univest Financial 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.