Univest Financial Co. (NASDAQ:UVSP) is UNIVEST FINANCIAL Corp's 5th Largest Position

UNIVEST FINANCIAL Corp lessened its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,164 shares of the financial services provider's stock after selling 83,334 shares during the period. Univest Financial makes up approximately 2.8% of UNIVEST FINANCIAL Corp's holdings, making the stock its 5th largest position. UNIVEST FINANCIAL Corp owned about 1.47% of Univest Financial worth $9,587,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Univest Financial by 2,103.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,094 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Univest Financial by 1,787.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 1,162 shares during the period. Quantbot Technologies LP raised its stake in shares of Univest Financial by 1,029.9% in the third quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider's stock worth $35,000 after buying an additional 1,823 shares during the period. Signaturefd LLC lifted its position in shares of Univest Financial by 212.8% during the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider's stock valued at $63,000 after buying an additional 1,941 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Univest Financial by 27.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 1,194 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Financial Price Performance

NASDAQ UVSP traded up $0.04 during trading hours on Tuesday, reaching $21.99. The company's stock had a trading volume of 96,876 shares, compared to its average volume of 108,086. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. Univest Financial Co. has a 1 year low of $16.10 and a 1 year high of $22.68. The firm's 50-day moving average price is $20.08 and its 200-day moving average price is $19.93. The company has a market capitalization of $643.65 million, a price-to-earnings ratio of 9.20 and a beta of 0.87.

Univest Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.82%. Univest Financial's dividend payout ratio is 35.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $23.00 price target (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th. Piper Sandler lifted their target price 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.

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.