Vanguard Group Inc. lessened its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,495,117 shares of the financial services provider's stock after selling 64,629 shares during the quarter. Vanguard Group Inc. owned approximately 5.07% of Univest Financial worth $25,985,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Univest Financial by 14.9% in the third quarter. American Century Companies Inc. now owns 265,738 shares of the financial services provider's stock worth $4,619,000 after buying an additional 34,521 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Univest Financial by 55.2% in the third quarter. Sei Investments Co. now owns 77,200 shares of the financial services provider's stock worth $1,342,000 after buying an additional 27,450 shares in the last quarter. Legal & General Group Plc raised its stake in Univest Financial by 74.0% during the third quarter. Legal & General Group Plc now owns 33,581 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 14,286 shares in the last quarter. Endeavour Capital Advisors Inc. raised its stake in Univest Financial by 134.2% during the third quarter. Endeavour Capital Advisors Inc. now owns 48,418 shares of the financial services provider's stock valued at $842,000 after purchasing an additional 27,740 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Univest Financial by 186.3% during the third quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider's stock valued at $5,731,000 after purchasing an additional 214,572 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company's stock.
Univest Financial Price Performance
Univest Financial stock traded down $0.19 during mid-day trading on Friday, reaching $18.72. 87,557 shares of the company's stock traded hands, compared to its average volume of 80,536. The company has a market cap of $552.80 million, a price-to-earnings ratio of 7.77 and a beta of 0.89. The stock has a 50 day moving average of $19.90 and a two-hundred day moving average of $19.51. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. Univest Financial Co. has a 12-month low of $16.10 and a 12-month high of $23.30.
Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.10. The business had revenue of $71.38 million for the quarter, compared to the consensus estimate of $70.32 million. Univest Financial had a net margin of 15.85% and a return on equity of 8.89%. Equities analysts forecast that Univest Financial Co. will post 2.04 earnings per share for the current year.
Univest Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Tuesday, February 6th. Univest Financial's payout ratio is currently 34.85%.
Wall Street Analyst Weigh In
Separately, Piper Sandler upped their price target on shares of Univest Financial from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st.
View Our Latest Stock Analysis on Univest Financial
About Univest Financial
(
Free Report)
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.
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