State Street Corp trimmed its position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 873,371 shares of the financial services provider's stock after selling 18,070 shares during the period. State Street Corp owned about 3.01% of Univest Financial worth $24,577,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Univest Financial during the 3rd quarter valued at about $25,000. Innealta Capital LLC purchased a new position in shares of Univest Financial during the second quarter valued at approximately $28,000. International Assets Investment Management LLC raised its holdings in shares of Univest Financial by 2,713.5% during the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 1,411 shares in the last quarter. CWM LLC lifted its stake in Univest Financial by 66.1% in the third quarter. CWM LLC now owns 6,196 shares of the financial services provider's stock worth $174,000 after acquiring an additional 2,465 shares during the period. Finally, Centiva Capital LP bought a new stake in Univest Financial in the third quarter valued at $209,000. 75.07% of the stock is currently owned by hedge funds and other institutional investors.
Univest Financial Stock Down 0.4 %
Shares of NASDAQ:UVSP traded down $0.12 during trading on Monday, hitting $29.66. The stock had a trading volume of 61,389 shares, compared to its average volume of 104,523. The company has a market capitalization of $861.42 million, a PE ratio of 11.91 and a beta of 0.88. 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's fifty day moving average is $30.27 and its 200 day moving average is $27.37. 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 posted 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 return on equity of 8.24% and a net margin of 14.90%. The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. Analysts anticipate that Univest Financial Co. will post 2.43 EPS for the current fiscal year.
Univest Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, November 6th. Univest Financial's payout ratio is currently 33.73%.
Analysts Set New Price Targets
Separately, Piper Sandler raised their target price on shares of Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.
Get Our Latest Stock Report on UVSP
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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