Deutsche Bank AG Grows Holdings in Univest Financial Co. (NASDAQ:UVSP)

Deutsche Bank AG grew its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 57.0% in 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Univest Financial by 161.2% during 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 last quarter. PNC Financial Services Group Inc. raised its holdings 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 purchased a new position in shares of Univest Financial during the fourth quarter worth $244,000. Zacks Investment Management purchased a new position in shares of Univest Financial during the fourth quarter worth $289,000. Finally, Trexquant Investment LP purchased a new position in shares of Univest Financial during the fourth quarter worth $290,000. Hedge funds and other institutional investors own 75.07% of the company's stock.

Insider Buying and Selling

In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Univest Financial Stock Performance

Shares of Univest Financial stock traded down $0.23 during trading on Friday, hitting $29.61. 110,173 shares of the company's stock were exchanged, compared to its average volume of 108,066. 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 business has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $29.66. Univest Financial Co. has a 52-week low of $20.37 and a 52-week high of $32.75. The stock has a market capitalization of $855.14 million, a price-to-earnings ratio of 11.43 and a beta of 0.73.

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 (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $79.20 million during the quarter, compared to analysts' expectations of $77.65 million. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. On average, research analysts forecast that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given 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 dividend on an annualized basis and a yield of 2.97%. Univest Financial's payout ratio is presently 32.96%.

Univest Financial 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.