ExodusPoint Capital Management LP bought a new position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,633 shares of the financial services provider's stock, valued at approximately $579,000. ExodusPoint Capital Management LP owned approximately 0.07% of Univest Financial at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Univest Financial by 3.5% in the third quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider's stock valued at $19,826,000 after purchasing an additional 23,770 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Univest Financial by 12.7% during the 4th quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider's stock worth $18,661,000 after buying an additional 71,265 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Univest Financial by 1.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 239,059 shares of the financial services provider's stock valued at $7,055,000 after acquiring an additional 3,769 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Univest Financial by 23.0% in the fourth quarter. Prudential Financial Inc. now owns 173,024 shares of the financial services provider's stock valued at $5,106,000 after acquiring an additional 32,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Univest Financial by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 152,028 shares of the financial services provider's stock worth $4,486,000 after acquiring an additional 807 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.
Insider Activity at Univest Financial
In related news, Director Anne Vazquez acquired 1,250 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 6,250 shares in the company, valued at $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 hyperlink. 1.70% of the stock is currently owned by insiders.
Univest Financial Stock Performance
UVSP traded up $0.15 during trading on Thursday, hitting $27.03. The stock had a trading volume of 31,913 shares, compared to its average volume of 105,384. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $783.78 million, a price-to-earnings ratio of 10.43 and a beta of 0.72. The company has a 50 day moving average price of $28.69 and a 200-day moving average price of $29.38. Univest Financial Co. has a one year low of $18.42 and a one year high of $32.75.
Univest Financial (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.08. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. As a group, research analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.
Univest Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.11%. Univest Financial's dividend payout ratio is 32.43%.
Wall Street Analyst Weigh In
Separately, Stephens reiterated an "equal weight" rating and set a $31.00 price objective on shares of Univest Financial in a research note on Thursday, January 23rd.
Read Our Latest Stock Report 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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