Hotchkis & Wiley Capital Management LLC Has $11.11 Million Stock Holdings in Univest Financial Co. (NASDAQ:UVSP)

Hotchkis & Wiley Capital Management LLC decreased its stake in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,900 shares of the financial services provider's stock after selling 58,140 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.36% of Univest Financial worth $11,112,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Univest Financial in the 3rd quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Univest Financial during the 2nd quarter worth about $28,000. International Assets Investment Management LLC lifted its stake in shares of Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock worth $41,000 after buying an additional 1,411 shares during the last quarter. CWM LLC lifted its stake in shares of Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider's stock worth $85,000 after buying an additional 2,538 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Univest Financial during the 3rd quarter worth about $209,000. Institutional investors own 75.07% of the company's stock.

Univest Financial Stock Performance

Univest Financial stock traded up $0.64 during midday trading on Wednesday, hitting $32.21. The company's stock had a trading volume of 127,504 shares, compared to its average volume of 104,262. Univest Financial Co. has a 1-year low of $18.41 and a 1-year high of $32.75. 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 company has a 50-day moving average price of $29.28 and a two-hundred day moving average price of $26.49. The company has a market cap of $935.48 million, a price-to-earnings ratio of 12.94 and a beta of 0.88.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. The business had revenue of $126.59 million during the quarter, compared to analysts' expectations of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same quarter in the previous year, the company earned $0.58 EPS. As a group, sell-side analysts predict that Univest Financial Co. will post 2.35 earnings per share for the current year.

Univest Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial's dividend payout ratio (DPR) is presently 33.73%.

Insider Activity at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 4,541 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $28.75, for a total transaction of $130,553.75. Following the sale, the chief executive officer now directly owns 90,187 shares of the company's stock, valued at $2,592,876.25. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael S. Keim sold 3,633 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the completion of the transaction, the chief operating officer now owns 55,679 shares in the company, valued at $1,601,328.04. This trade represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,374 shares of company stock valued at $240,691. 2.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th.

About Univest Financial

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.