Tudor Investment Corp ET AL Raises Holdings in Univest Financial Co. (NASDAQ:UVSP)

Tudor Investment Corp ET AL increased its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 68.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,593 shares of the financial services provider's stock after purchasing an additional 16,138 shares during the quarter. Tudor Investment Corp ET AL owned 0.14% of Univest Financial worth $1,168,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Univest Financial by 161.2% in the 4th 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. Wilmington Savings Fund Society FSB acquired a new position in Univest Financial in the 3rd quarter worth about $79,000. PNC Financial Services Group Inc. raised its holdings in Univest Financial by 14.8% in the 4th 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 period. State of Tennessee Department of Treasury acquired a new position in shares of Univest Financial during the fourth quarter valued at approximately $244,000. Finally, Zacks Investment Management acquired a new position in shares of Univest Financial during the fourth quarter valued at approximately $289,000. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Financial Price Performance

Shares of Univest Financial stock traded down $0.30 during mid-day trading on Friday, reaching $30.36. 87,710 shares of the stock traded hands, compared to its average volume of 106,410. The business has a 50-day moving average of $28.27 and a 200 day moving average of $29.60. Univest Financial Co. has a fifty-two week low of $20.37 and a fifty-two week high of $32.75. The stock has a market capitalization of $876.80 million, a PE ratio of 11.72 and a beta of 0.73. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $79.20 million during the quarter, compared to analysts' expectations of $77.65 million. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. On average, analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is 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 dividend yield of 2.90%. Univest Financial's dividend payout ratio is 32.96%.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an "equal weight" rating and set a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd.

Insider Activity

In related news, Director Anne Vazquez purchased 1,250 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was acquired 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 directly owns 6,250 shares of the company's stock, valued at approximately $178,937.50. This trade represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company's stock.

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.