Barclays PLC Acquires 31,783 Shares of Univest Financial Co. (NASDAQ:UVSP)

Barclays PLC grew its position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 91.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,603 shares of the financial services provider's stock after purchasing an additional 31,783 shares during the quarter. Barclays PLC owned about 0.23% of Univest Financial worth $1,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UVSP. Rhumbline Advisers raised its stake in Univest Financial by 1.1% during the second quarter. Rhumbline Advisers now owns 47,766 shares of the financial services provider's stock worth $1,090,000 after buying an additional 503 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Univest Financial during the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of Univest Financial in the 2nd quarter worth about $28,000. International Assets Investment Management LLC lifted its stake in shares of Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 1,411 shares during the period. Finally, CWM LLC boosted its position in shares of Univest Financial by 66.1% during the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 2,465 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Financial Stock Down 1.6 %

NASDAQ UVSP traded down $0.47 on Friday, hitting $29.46. 60,279 shares of the company were exchanged, compared to its average volume of 103,888. 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 $855.61 million, a PE ratio of 11.83 and a beta of 0.88. The stock has a fifty day moving average of $30.36 and a 200-day moving average of $27.47. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75.

Univest Financial (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.07. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. The company had revenue of $126.59 million for the quarter, compared to analysts' expectations of $74.11 million. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, analysts forecast that Univest Financial Co. will post 2.43 earnings per share for the current year.

Univest Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.21 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. Univest Financial's dividend payout ratio (DPR) is presently 33.73%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, October 25th.

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.