Univest Financial Co. (NASDAQ:UVSP) Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 57.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,505 shares of the financial services provider's stock after buying an additional 10,354 shares during the period. Deutsche Bank AG owned 0.10% of Univest Financial worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UVSP. Tower Research Capital LLC TRC lifted its holdings in 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 worth $30,000 after purchasing an additional 619 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 617 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Financial in the 4th quarter worth approximately $244,000. Zacks Investment Management acquired a new stake in shares of Univest Financial in the 4th quarter worth approximately $289,000. Finally, Trexquant Investment LP bought a new position in shares of Univest Financial in the fourth quarter valued at approximately $290,000. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,250 shares of the company's stock, valued at approximately $178,937.50. This represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company's stock.

Univest Financial Price Performance

Shares of NASDAQ UVSP traded down $0.23 during mid-day trading on Friday, reaching $29.61. 110,173 shares of the company traded hands, compared to its average volume of 107,707. Univest Financial Co. has a fifty-two week low of $20.37 and a fifty-two week high of $32.75. The firm has a market cap of $855.14 million, a PE ratio of 11.43 and a beta of 0.73. The stock has a fifty day simple moving average of $28.78 and a 200-day simple moving average of $29.70. 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 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $77.65 million. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. Equities research analysts anticipate that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.22 per share. This is an increase from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Financial's payout ratio is 32.96%.

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.