Two Sigma Investments LP Sells 18,048 Shares of Univest Financial Co. (NASDAQ:UVSP)

Two Sigma Investments LP cut its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,072 shares of the financial services provider's stock after selling 18,048 shares during the period. Two Sigma Investments LP owned approximately 0.11% of Univest Financial worth $917,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State of Tennessee Department of Treasury bought a new position in shares of Univest Financial during the 4th quarter worth about $244,000. Northern Trust Corp lifted its holdings in shares of Univest Financial by 2.8% during the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock worth $10,012,000 after acquiring an additional 9,184 shares during the period. Bank of America Corp DE lifted its holdings in shares of Univest Financial by 23.1% during the 4th quarter. Bank of America Corp DE now owns 132,333 shares of the financial services provider's stock worth $3,905,000 after acquiring an additional 24,792 shares during the period. Barclays PLC lifted its holdings in shares of Univest Financial by 91.3% during the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider's stock worth $1,875,000 after acquiring an additional 31,783 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Univest Financial by 189.8% during the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock worth $11,759,000 after acquiring an additional 260,990 shares during the period. 75.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Univest Financial Price Performance

NASDAQ:UVSP opened at $29.46 on Friday. The firm has a market cap of $850.80 million, a PE ratio of 11.37 and a beta of 0.74. Univest Financial Co. has a 12 month low of $20.67 and a 12 month high of $32.75. 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 company's 50-day moving average price is $28.81 and its two-hundred day moving average price is $29.62.

Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its earnings results 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. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $77.65 million. On average, equities analysts anticipate that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase 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%.

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.

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