Insight Advisors LLC PA lifted its stake in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,500 shares of the financial services provider's stock after acquiring an additional 11,750 shares during the quarter. Insight Advisors LLC PA owned about 0.08% of Univest Financial worth $666,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in UVSP. Tower Research Capital LLC TRC increased its holdings in shares of Univest Financial by 161.2% in 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 buying an additional 619 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 last quarter. ProShare Advisors LLC acquired a new stake in shares of Univest Financial during the 4th quarter valued at $240,000. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Financial during the 4th quarter valued at $244,000. Finally, Zacks Investment Management acquired a new stake in shares of Univest Financial during the 4th quarter valued at $289,000. Institutional investors and hedge funds own 75.07% of the company's stock.
Insider Buying and Selling
In other news, Director Anne Vazquez acquired 1,250 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of $28.63 per share, with a total value of $35,787.50. Following the purchase, the director now owns 6,250 shares of the company's stock, valued at approximately $178,937.50. This trade represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company's stock.
Univest Financial Price Performance
Shares of NASDAQ:UVSP traded down $0.10 on Monday, reaching $29.36. 90,090 shares of the company traded hands, compared to its average volume of 108,689. Univest Financial Co. has a fifty-two week low of $20.67 and a fifty-two week high of $32.75. The company's 50 day moving average is $28.82 and its 200-day moving average is $29.59. The stock has a market capitalization of $847.92 million, a PE ratio of 11.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02.
Univest Financial (NASDAQ:UVSP - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $77.65 million. As a group, analysts anticipate that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.
Univest Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.22 dividend. This is a positive change from Univest Financial's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 7th. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. Univest Financial's dividend payout ratio (DPR) is currently 32.96%.
About Univest Financial
(
Free Report)
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.
Further Reading
Before you consider Univest Corporation of Pennsylvania, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Univest Corporation of Pennsylvania wasn't on the list.
While Univest Corporation of Pennsylvania currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
