Endeavour Capital Advisors Inc. Lowers Stock Holdings in Univest Financial Co. (NASDAQ:UVSP)

Endeavour Capital Advisors Inc. lessened its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,084 shares of the financial services provider's stock after selling 31,105 shares during the period. Univest Financial comprises 2.3% of Endeavour Capital Advisors Inc.'s investment portfolio, making the stock its 16th biggest holding. Endeavour Capital Advisors Inc. owned 0.83% of Univest Financial worth $7,144,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Univest Financial during the 3rd quarter worth $79,000. PNC Financial Services Group Inc. boosted its holdings in 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. Centiva Capital LP bought a new stake in Univest Financial in the 3rd quarter worth about $209,000. Trexquant Investment LP purchased a new stake in Univest Financial in the 4th quarter valued at about $290,000. Finally, AlphaQuest LLC boosted its stake 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 buying an additional 7,024 shares during the last quarter. Institutional investors own 75.07% of the company's stock.

Analysts Set New Price Targets

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

Univest Financial Stock Performance

UVSP traded down $0.62 during trading on Monday, hitting $25.37. 50,128 shares of the company traded hands, compared to its average volume of 107,000. Univest Financial Co. has a one year low of $18.41 and a one year high of $32.75. The stock's fifty day moving average is $29.58 and its 200 day moving average is $29.52. 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 firm has a market cap of $735.78 million, a P/E ratio of 9.80 and a beta of 0.72.

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

Univest Financial Dividend Announcement

The firm 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 3.31%. Univest Financial's payout ratio is 32.43%.

Insider Activity

In related news, Director Anne Vazquez purchased 1,250 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the transaction, the director now directly owns 6,250 shares in the company, valued at approximately $178,937.50. This represents a 25.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company's stock.

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.