Thrivent Financial for Lutherans Has $958,000 Position in Univest Financial Co. (NASDAQ:UVSP)

Thrivent Financial for Lutherans trimmed its holdings in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 29.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,462 shares of the financial services provider's stock after selling 13,324 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Univest Financial worth $958,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Univest Financial during the third quarter valued at $79,000. PNC Financial Services Group Inc. lifted its holdings in Univest Financial by 14.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 617 shares during the last quarter. Centiva Capital LP acquired a new position in Univest Financial in the third quarter valued at about $209,000. AlphaQuest LLC boosted its position in Univest Financial by 93.1% in the fourth quarter. AlphaQuest LLC now owns 14,571 shares of the financial services provider's stock valued at $430,000 after buying an additional 7,024 shares in the last quarter. Finally, Bailard Inc. grew its stake in Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock worth $624,000 after buying an additional 332 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Univest Financial

In other Univest Financial news, Director Anne Vazquez bought 1,250 shares of Univest Financial stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of $28.63 per share, with a total value of $35,787.50. Following the purchase, the director now owns 6,250 shares of the company's stock, valued at $178,937.50. This trade represents a 25.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Univest Financial Price Performance

NASDAQ UVSP traded down $0.45 on Friday, hitting $25.99. 149,473 shares of the company were exchanged, compared to its average volume of 103,444. Univest Financial Co. has a 1-year low of $18.41 and a 1-year high of $32.75. The firm has a 50 day moving average of $29.58 and a two-hundred day moving average of $29.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $753.76 million, a P/E ratio of 10.03 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Announces Dividend

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 of this dividend was Wednesday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. Univest Financial's dividend payout ratio (DPR) is currently 32.43%.

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.