Insight Advisors LLC PA Raises Stake in Univest Financial Co. (NASDAQ:UVSP)

Insight Advisors LLC PA lifted its holdings in 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 0.08% of Univest Financial worth $666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Financial in the fourth quarter worth $244,000. Northern Trust Corp boosted its holdings in Univest Financial by 2.8% during the fourth quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock worth $10,012,000 after buying an additional 9,184 shares in the last quarter. Bank of America Corp DE boosted its holdings in Univest Financial by 23.1% during the fourth quarter. Bank of America Corp DE now owns 132,333 shares of the financial services provider's stock worth $3,905,000 after buying an additional 24,792 shares in the last quarter. Barclays PLC boosted its holdings in Univest Financial by 91.3% during the third quarter. Barclays PLC now owns 66,603 shares of the financial services provider's stock worth $1,875,000 after buying an additional 31,783 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Univest Financial by 189.8% during the fourth quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock worth $11,759,000 after buying an additional 260,990 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Financial Stock Performance

NASDAQ UVSP traded up $0.66 during mid-day trading on Friday, reaching $29.46. 56,260 shares of the stock were exchanged, compared to its average volume of 108,587. The business's 50 day moving average is $28.81 and its 200-day moving average is $29.62. Univest Financial Co. has a 1 year low of $20.67 and a 1 year high of $32.75. The company has a market capitalization of $850.80 million, a P/E ratio of 11.37 and a beta of 0.73. 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 announced its quarterly 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 firm had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. On average, equities research analysts forecast that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Increases Dividend

The company 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 is an increase from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.99%. Univest Financial's dividend payout ratio is 32.96%.

Insider Buying and Selling at Univest Financial

In related news, Director Anne Vazquez acquired 1,250 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were acquired at an average cost of $28.63 per share, with a total value of $35,787.50. Following the completion of the acquisition, the director now directly 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 Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company's stock.

About Univest Financial

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.