Jane Street Group LLC Buys 21,030 Shares of Univest Financial Co. (NASDAQ:UVSP)

Jane Street Group LLC raised its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 75.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,782 shares of the financial services provider's stock after acquiring an additional 21,030 shares during the period. Jane Street Group LLC owned about 0.17% of Univest Financial worth $1,373,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Centiva Capital LP bought a new position in shares of Univest Financial in the 3rd quarter valued at $209,000. Martingale Asset Management L P increased its holdings in Univest Financial by 58.8% in the 3rd quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider's stock worth $2,013,000 after purchasing an additional 26,473 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Univest Financial by 16.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,700 shares of the financial services provider's stock valued at $1,342,000 after purchasing an additional 6,667 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Univest Financial in the third quarter valued at about $417,000. Finally, Empowered Funds LLC boosted its stake in shares of Univest Financial by 5.3% during the third quarter. Empowered Funds LLC now owns 93,691 shares of the financial services provider's stock valued at $2,636,000 after purchasing an additional 4,690 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Financial Trading Down 1.6 %

Shares of Univest Financial stock traded down $0.47 during trading on Friday, hitting $29.46. The company's stock had a trading volume of 60,279 shares, compared to its average volume of 103,888. The stock has a market cap of $855.61 million, a price-to-earnings ratio of 11.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75. The stock has a 50-day moving average price of $30.38 and a two-hundred day moving average price of $27.52.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. The company had revenue of $126.59 million during the quarter, compared to analysts' expectations of $74.11 million. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that Univest Financial Co. will post 2.43 EPS for the current fiscal year.

Univest Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.84 annualized dividend and a yield of 2.85%. Univest Financial's payout ratio is 33.73%.

Analyst Ratings Changes

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

Univest Financial 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.