Geode Capital Management LLC raised its stake in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 704,445 shares of the financial services provider's stock after buying an additional 23,770 shares during the quarter. Geode Capital Management LLC owned 2.43% of Univest Financial worth $19,826,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UVSP. Barclays PLC increased its stake in shares of Univest Financial by 91.3% in the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider's stock valued at $1,875,000 after acquiring an additional 31,783 shares during the last quarter. Jane Street Group LLC grew its holdings in Univest Financial by 75.8% during the third quarter. Jane Street Group LLC now owns 48,782 shares of the financial services provider's stock valued at $1,373,000 after purchasing an additional 21,030 shares during the period. Centiva Capital LP bought a new stake in Univest Financial in the third quarter valued at approximately $209,000. Martingale Asset Management L P raised its holdings in Univest Financial by 58.8% in the third quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider's stock worth $2,013,000 after purchasing an additional 26,473 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Univest Financial by 16.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,700 shares of the financial services provider's stock worth $1,342,000 after purchasing an additional 6,667 shares in the last quarter. Institutional investors own 75.07% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler upped 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.
Check Out Our Latest Stock Report on UVSP
Univest Financial Stock Down 1.6 %
Shares of NASDAQ:UVSP traded down $0.47 during trading on Friday, hitting $29.46. 60,279 shares of the company's stock traded hands, 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 50-day moving average price of $30.38 and a 200-day moving average price of $27.57. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75. The company has a market cap of $855.61 million, a price-to-earnings ratio of 11.83 and a beta of 0.88.
Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating 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 firm had revenue of $126.59 million for the quarter, compared to analyst estimates of $74.11 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, research analysts forecast that Univest Financial Co. will post 2.43 EPS for the current fiscal year.
Univest Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial's dividend payout ratio (DPR) is presently 33.73%.
Univest Financial Company Profile
(
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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