Martingale Asset Management L P Has $2.01 Million Holdings in Univest Financial Co. (NASDAQ:UVSP)

Martingale Asset Management L P boosted its stake in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 58.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,530 shares of the financial services provider's stock after acquiring an additional 26,473 shares during the period. Martingale Asset Management L P owned 0.25% of Univest Financial worth $2,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UVSP. Capital Performance Advisors LLP bought a new position in shares of Univest Financial in the third quarter worth $25,000. Innealta Capital LLC bought a new position in Univest Financial in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC raised its position 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 buying an additional 1,411 shares in the last quarter. CWM LLC lifted its holdings in shares of Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider's stock worth $85,000 after acquiring an additional 2,538 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Univest Financial during the 3rd quarter worth approximately $239,000. 75.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at approximately $2,570,329.50. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael S. Keim sold 3,633 shares of Univest Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the transaction, the chief operating officer now owns 55,679 shares in the company, valued at approximately $1,601,328.04. This trade represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,374 shares of company stock worth $297,699 in the last 90 days. Insiders own 2.10% of the company's stock.

Univest Financial Price Performance

Shares of UVSP stock traded down $0.21 on Friday, reaching $31.76. The company had a trading volume of 102,626 shares, compared to its average volume of 115,567. The business's 50-day moving average is $29.00 and its 200 day moving average is $26.30. Univest Financial Co. has a one year low of $18.41 and a one year high of $32.75. 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 stock has a market capitalization of $922.31 million, a PE ratio of 12.76 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same quarter in the prior year, the firm earned $0.58 EPS. Equities research analysts forecast that Univest Financial Co. will post 2.35 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial's dividend payout ratio (DPR) is 33.73%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price objective on shares of Univest Financial from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Friday, October 25th.

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.