Univest Financial Co. (NASDAQ:UVSP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,495,117 shares of the financial services provider’s stock after selling 64,629 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Univest Financial worth $25,985,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Captrust Financial Advisors lifted its position 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 purchasing an additional 422 shares in the last quarter. Legal & General Group Plc raised its holdings in Univest Financial by 4.0% in the second quarter. Legal & General Group Plc now owns 13,472 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 515 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Univest Financial by 72.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,429 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 600 shares in the last quarter. US Bancorp DE raised its holdings in Univest Financial by 112.6% in the second quarter. US Bancorp DE now owns 1,437 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 761 shares in the last quarter. Finally, Girard Partners LTD. raised its holdings in Univest Financial by 3.6% in the second quarter. Girard Partners LTD. now owns 26,967 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 944 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on shares of Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st.

Univest Financial Stock Performance

Shares of Univest Financial stock opened at $18.72 on Friday. The firm has a market capitalization of $552.80 million, a P/E ratio of 7.77 and a beta of 0.89. Univest Financial Co. has a 52 week low of $16.10 and a 52 week high of $23.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $19.90 and its two-hundred day moving average is $19.50.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $71.38 million for the quarter, compared to analyst estimates of $70.32 million. Univest Financial had a net margin of 15.85% and a return on equity of 8.89%. Research analysts forecast that Univest Financial Co. will post 2.04 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a $0.21 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.84 annualized dividend and a yield of 4.49%. Univest Financial’s dividend payout ratio is currently 34.85%.

About Univest Financial

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.