Arizona State Retirement System Buys New Position in Univest Financial Co. (NASDAQ:UVSP)

Arizona State Retirement System bought a new stake in Univest Financial Co. (NASDAQ:UVSP – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,282 shares of the financial services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Univest Financial in the third quarter valued at approximately $42,000. IVC Wealth Advisors LLC raised its stake in shares of Univest Financial by 7.9% during the fourth quarter. IVC Wealth Advisors LLC now owns 40,637 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 2,986 shares in the last quarter. Raymond James & Associates raised its stake in shares of Univest Financial by 12.0% during the third quarter. Raymond James & Associates now owns 15,848 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 1,692 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Univest Financial by 38.3% during the second quarter. Captrust Financial Advisors now owns 1,525 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 422 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Univest Financial by 91.4% during the fourth quarter. LPL Financial LLC now owns 32,680 shares of the financial services provider’s stock worth $854,000 after acquiring an additional 15,610 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Univest Financial

In other Univest Financial news, Director Martin P. Connor bought 5,000 shares of Univest Financial stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $17.25 per share, with a total value of $86,250.00. Following the transaction, the director now directly owns 5,020 shares of the company’s stock, valued at $86,595. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

UVSP has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Univest Financial from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. StockNews.com initiated coverage on shares of Univest Financial in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Piper Sandler decreased their target price on shares of Univest Financial from $24.00 to $22.00 in a research note on Friday, April 28th.

Univest Financial Stock Performance

NASDAQ:UVSP opened at $18.70 on Thursday. The stock has a market cap of $550.34 million, a P/E ratio of 6.98 and a beta of 0.89. The firm’s fifty day simple moving average is $21.06 and its 200 day simple moving average is $24.94. Univest Financial Co. has a twelve month low of $16.11 and a twelve month high of $29.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Univest Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, May 9th. Univest Financial’s dividend payout ratio is presently 31.34%.

About Univest Financial

(Get Rating)

Univest Financial Corp. is a holding company, which engages in the provision of financial solutions for individuals, businesses, municipalities, and non-profit organizations. It operates through the following segments: Banking, Wealth Management, and Insurance. The Banking segment includes banking services such as deposit taking, loan origination and servicing, mortgage banking, and equipment lease financing.