Nuveen Asset Management LLC Has $4.03 Million Position in Univest Financial Co. (NASDAQ:UVSP)

Nuveen Asset Management LLC lessened its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,397 shares of the financial services provider's stock after selling 35,225 shares during the quarter. Nuveen Asset Management LLC owned 0.47% of Univest Financial worth $4,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC raised its holdings in Univest Financial by 91.3% in the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider's stock valued at $1,875,000 after acquiring an additional 31,783 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Univest Financial by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider's stock valued at $730,000 after purchasing an additional 488 shares in the last quarter. Empowered Funds LLC lifted its position in Univest Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 98,430 shares of the financial services provider's stock worth $2,905,000 after purchasing an additional 4,739 shares during the period. Rhumbline Advisers grew its stake in Univest Financial by 2.9% during the fourth quarter. Rhumbline Advisers now owns 46,768 shares of the financial services provider's stock worth $1,380,000 after buying an additional 1,315 shares in the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in Univest Financial by 5.0% in the 4th quarter. Everhart Financial Group Inc. now owns 27,639 shares of the financial services provider's stock valued at $816,000 after buying an additional 1,319 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Univest Financial Price Performance

Shares of Univest Financial stock traded down $0.24 on Wednesday, reaching $29.17. 21,215 shares of the stock were exchanged, compared to its average volume of 108,044. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $842.29 million, a PE ratio of 11.21 and a beta of 0.73. The firm's 50 day moving average is $28.79 and its 200-day moving average is $29.65. Univest Financial Co. has a one year low of $20.37 and a one year high of $32.75.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share 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 firm had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. As a group, analysts anticipate 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 is a positive change from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.02%. 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.