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

Two Sigma Investments LP cut its position in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent 13F 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 0.11% of Univest Financial worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of 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. grew its position in Univest Financial by 14.8% in 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 purchasing an additional 617 shares during the period. ProShare Advisors LLC bought a new stake in Univest Financial during the 4th quarter valued at $240,000. State of Tennessee Department of Treasury acquired a new position in Univest Financial during the fourth quarter worth $244,000. Finally, Zacks Investment Management acquired a new position in Univest Financial during the fourth quarter worth $289,000. 75.07% of the stock is owned by institutional investors.

Univest Financial Stock Up 1.4%

Shares of NASDAQ UVSP traded up $0.41 during mid-day trading on Tuesday, reaching $29.77. 62,866 shares of the company's stock traded hands, compared to its average volume of 108,682. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day simple moving average of $28.89 and a 200 day simple moving average of $29.59. The stock has a market cap of $859.76 million, a P/E ratio of 11.49 and a beta of 0.74. Univest Financial Co. has a 1-year low of $20.67 and a 1-year high of $32.75.

Univest Financial (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (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 the consensus estimate of $77.65 million. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. On average, analysts expect that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.88 annualized dividend and a yield of 2.96%. This is an increase from Univest Financial's previous quarterly dividend of $0.21. Univest Financial's dividend payout ratio is 32.96%.

Insider Buying and Selling

In other news, Director Anne Vazquez acquired 1,250 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, with a total value of $35,787.50. Following the acquisition, the director now directly owns 6,250 shares of the company's stock, valued at $178,937.50. The trade was a 25.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

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.