Univest Financial Co. (NASDAQ:UVSP) Position Reduced by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,149,117 shares of the financial services provider's stock after selling 40,631 shares during the quarter. Pzena Investment Management LLC owned about 3.96% of Univest Financial worth $33,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bailard Inc. boosted its stake in shares of Univest Financial by 1.6% during the 4th quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock worth $624,000 after purchasing an additional 332 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Univest Financial by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider's stock worth $730,000 after purchasing an additional 488 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Univest Financial by 14.8% during the fourth 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 last quarter. Victory Capital Management Inc. grew its position in shares of Univest Financial by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 28,200 shares of the financial services provider's stock valued at $832,000 after purchasing an additional 700 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Univest Financial by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 152,028 shares of the financial services provider's stock valued at $4,486,000 after purchasing an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company's stock.

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Univest Financial Trading Up 1.3 %

Shares of UVSP stock traded up $0.37 on Wednesday, reaching $27.89. 45,276 shares of the stock were exchanged, compared to its average volume of 101,813. 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 stock has a market cap of $808.72 million, a P/E ratio of 10.77 and a beta of 0.89. The firm has a 50 day moving average of $29.87 and a two-hundred day moving average of $29.46. Univest Financial Co. has a 1-year low of $18.41 and a 1-year high of $32.75.

Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) 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%. On average, research analysts anticipate that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.21 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.01%. Univest Financial's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

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

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.