Two Sigma Securities LLC acquired a new position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,304 shares of the financial services provider's stock, valued at approximately $334,000.
Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Univest Financial by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,910 shares of the financial services provider's stock valued at $972,000 after buying an additional 1,746 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Univest Financial in the fourth quarter valued at about $244,000. Tower Research Capital LLC TRC increased its position in shares of Univest Financial by 161.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 619 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Univest Financial by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 17,559 shares of the financial services provider's stock worth $518,000 after acquiring an additional 969 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Univest Financial during the fourth quarter valued at approximately $289,000. 75.07% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Stephens reiterated an "equal weight" rating and set a $31.00 price objective on shares of Univest Financial in a research note on Thursday, January 23rd.
Get Our Latest Stock Report on UVSP
Univest Financial Stock Down 1.4 %
Univest Financial stock opened at $28.98 on Monday. Univest Financial Co. has a fifty-two week low of $20.37 and a fifty-two week high of $32.75. The firm has a market capitalization of $840.48 million, a PE ratio of 11.19 and a beta of 0.72. The company's 50-day moving average is $28.27 and its 200-day moving average is $29.45. 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 (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $79.20 million during the quarter, compared to analysts' expectations of $77.65 million. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. Sell-side analysts anticipate that Univest Financial Co. will post 2.36 earnings per share for the current year.
Univest Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.22 dividend. This is an increase from Univest Financial's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, May 7th. Univest Financial's payout ratio is currently 32.96%.
Insider Transactions at Univest Financial
In related news, Director Anne Vazquez purchased 1,250 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, with a total value of $35,787.50. Following the acquisition, the director now directly owns 6,250 shares in the company, valued at $178,937.50. The trade was a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 2,598 shares of company stock worth $75,476. 1.70% of the stock is owned by insiders.
About Univest Financial
(
Free Report)
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.
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