Univest Financial Co. (NASDAQ:UVSP) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 20.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,397 shares of the financial services provider's stock after selling 35,225 shares during the period. Nuveen Asset Management LLC owned about 0.47% of Univest Financial worth $4,025,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in Univest Financial by 161.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock worth $30,000 after acquiring an additional 619 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Univest Financial by 14.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock worth $142,000 after purchasing an additional 617 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Univest Financial during the fourth quarter worth $244,000. Zacks Investment Management bought a new stake in shares of Univest Financial during the fourth quarter worth $289,000. Finally, Trexquant Investment LP bought a new stake in shares of Univest Financial in the fourth quarter valued at about $290,000. Institutional investors own 75.07% of the company's stock.

Univest Financial Stock Down 1.8%

UVSP traded down $0.52 on Wednesday, hitting $28.88. The company had a trading volume of 83,565 shares, compared to its average volume of 108,466. The stock has a fifty day moving average price of $28.79 and a 200-day moving average price of $29.65. Univest Financial Co. has a 12-month low of $20.37 and a 12-month high of $32.75. 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 stock has a market capitalization of $834.05 million, a price-to-earnings ratio of 11.15 and a beta of 0.73.

Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Analysts predict that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.05%. This is an increase from Univest Financial's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 7th. Univest Financial's dividend payout ratio is presently 32.96%.

Insider Activity at Univest Financial

In other news, Director Anne Vazquez bought 1,250 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of $28.63 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is 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.