Connor Clark & Lunn Investment Management Ltd. increased its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,722 shares of the financial services provider's stock after acquiring an additional 9,890 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Univest Financial worth $730,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC raised its position in Univest Financial by 93.1% in the fourth quarter. AlphaQuest LLC now owns 14,571 shares of the financial services provider's stock worth $430,000 after acquiring an additional 7,024 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of 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. Raymond James Financial Inc. purchased a new position in Univest Financial in the fourth quarter valued at approximately $2,299,000. Victory Capital Management Inc. increased its holdings in Univest Financial by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 28,200 shares of the financial services provider's stock worth $832,000 after acquiring an additional 700 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock valued at $624,000 after purchasing an additional 332 shares during the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.
Univest Financial Price Performance
NASDAQ:UVSP traded up $0.12 during trading hours on Wednesday, hitting $29.42. 114,808 shares of the company's stock traded hands, compared to its average volume of 96,473. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75. The business's fifty day simple moving average is $29.83 and its two-hundred day simple moving average is $29.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $853.24 million, a P/E ratio of 11.36 and a beta of 0.89.
Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. On average, research analysts anticipate that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.
Univest Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Wednesday, February 5th. Univest Financial's payout ratio is 32.43%.
Insider Activity
In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of the business's stock in a transaction on 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 in the company, valued at approximately $178,937.50. This represents a 25.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company's stock.
Wall Street Analyst Weigh In
Separately, Stephens restated an "equal weight" rating and set a $31.00 target price on shares of Univest Financial in a research report on Thursday, January 23rd.
View Our Latest Report on UVSP
Univest Financial Company Profile
(
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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