Royce & Associates LP Sells 61,015 Shares of Univest Financial Co. (NASDAQ:UVSP)

Royce & Associates LP cut its position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 182,451 shares of the financial services provider's stock after selling 61,015 shares during the quarter. Royce & Associates LP owned 0.63% of Univest Financial worth $5,384,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of UVSP. Wilmington Savings Fund Society FSB acquired a new position in shares of Univest Financial during the 3rd quarter valued at $79,000. PNC Financial Services Group Inc. grew 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 acquiring an additional 617 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Univest Financial in the 3rd quarter worth $209,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Univest Financial in the 3rd quarter worth $417,000. Finally, AlphaQuest LLC grew its holdings in shares of Univest Financial by 93.1% in the 4th 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 last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Stock Down 1.0 %

UVSP traded down $0.28 during trading on Thursday, reaching $28.72. 70,621 shares of the stock traded hands, compared to its average volume of 95,449. The stock has a market cap of $832.94 million, a price-to-earnings ratio of 11.09 and a beta of 0.89. Univest Financial Co. has a fifty-two week low of $18.41 and a fifty-two week 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 stock's 50-day simple moving average is $29.78 and its two-hundred day simple moving average is $29.45.

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Univest Financial (NASDAQ:UVSP - Get Free Report) last released 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 return on equity of 8.51% and a net margin of 15.17%. As a group, equities research analysts expect that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.92%. Univest Financial's dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $28.63 per share, with a total value of $35,787.50. Following the completion of the transaction, the director now directly owns 6,250 shares of the company's stock, valued at approximately $178,937.50. This represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Univest Financial Company 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.