State of New Jersey Common Pension Fund D Acquires 14,739 Shares of Univest Financial Co. (NASDAQ:UVSP)

State of New Jersey Common Pension Fund D raised its holdings in shares of Univest Financial Co. (NASDAQ:UVSPGet Rating) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 125,732 shares of the financial services provider’s stock after acquiring an additional 14,739 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.42% of Univest Financial worth $2,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio increased its position in shares of Univest Financial by 5.9% in the 3rd quarter. Strs Ohio now owns 28,800 shares of the financial services provider’s stock valued at $676,000 after buying an additional 1,600 shares in the last quarter. Raymond James & Associates increased its position in shares of Univest Financial by 12.0% in the 3rd quarter. Raymond James & Associates now owns 15,848 shares of the financial services provider’s stock valued at $372,000 after buying an additional 1,692 shares in the last quarter. Compass Ion Advisors LLC increased its position in shares of Univest Financial by 5.6% in the 3rd quarter. Compass Ion Advisors LLC now owns 54,743 shares of the financial services provider’s stock valued at $1,285,000 after buying an additional 2,914 shares in the last quarter. Legal & General Group Plc increased its position in shares of Univest Financial by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 13,472 shares of the financial services provider’s stock valued at $343,000 after buying an additional 515 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Univest Financial by 38.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,525 shares of the financial services provider’s stock valued at $39,000 after buying an additional 422 shares in the last quarter. Institutional investors own 72.26% of the company’s stock.

Univest Financial Price Performance

UVSP stock opened at $26.23 on Friday. The stock has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $26.02. The stock has a market cap of $766.97 million, a PE ratio of 10.79 and a beta of 0.91. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. Univest Financial Co. has a 1 year low of $23.48 and a 1 year high of $31.93.

Univest Financial (NASDAQ:UVSPGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Univest Financial had a net margin of 23.61% and a return on equity of 9.35%. The company had revenue of $76.21 million during the quarter, compared to the consensus estimate of $73.40 million. Equities analysts forecast that Univest Financial Co. will post 2.58 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. Univest Financial’s dividend payout ratio is 34.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UVSP. Stephens cut shares of Univest Financial to an “equal weight” rating in a research report on Tuesday, November 15th. StockNews.com cut Univest Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Finally, Piper Sandler increased their target price on Univest Financial to $30.00 in a report on Tuesday, November 1st.

Insider Transactions at Univest Financial

In other news, Director William S. Aichele sold 3,453 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.00, for a total transaction of $96,684.00. Following the completion of the transaction, the director now directly owns 144,337 shares in the company, valued at approximately $4,041,436. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Thomas M. Petro sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $26.71, for a total value of $133,550.00. Following the completion of the sale, the director now directly owns 64,518 shares in the company, valued at approximately $1,723,275.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William S. Aichele sold 3,453 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.00, for a total transaction of $96,684.00. Following the completion of the sale, the director now owns 144,337 shares of the company’s stock, valued at $4,041,436. The disclosure for this sale can be found here. Insiders sold a total of 13,061 shares of company stock worth $357,461 in the last three months. Insiders own 2.22% of the company’s stock.

About Univest Financial

(Get Rating)

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides 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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Institutional Ownership by Quarter for Univest Financial (NASDAQ:UVSP)

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