Strs Ohio Sells 4,600 Shares of Univest Financial Co. (NASDAQ:UVSP)

Strs Ohio reduced its position in Univest Financial Co. (NASDAQ:UVSP) by 13.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,600 shares of the financial services provider’s stock after selling 4,600 shares during the quarter. Strs Ohio’s holdings in Univest Financial were worth $652,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Univest Financial by 2,103.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,094 shares during the period. Quantbot Technologies LP increased its holdings in Univest Financial by 1,029.9% in the 3rd quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,823 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Univest Financial by 27.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,194 shares during the period. Everhart Financial Group Inc. bought a new stake in shares of Univest Financial during the 3rd quarter valued at approximately $190,000. Finally, Bailard Inc. bought a new stake in shares of Univest Financial during the 3rd quarter valued at approximately $191,000. 75.07% of the stock is owned by institutional investors.

Univest Financial Stock Up 2.8 %

NASDAQ:UVSP opened at $20.55 on Friday. The firm’s 50 day simple moving average is $19.80 and its 200 day simple moving average is $19.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. Univest Financial Co. has a one year low of $16.10 and a one year high of $22.49. The company has a market cap of $606.84 million, a PE ratio of 8.60 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Univest Financial had a net margin of 14.98% and a return on equity of 8.42%. The business had revenue of $71.38 million for the quarter, compared to the consensus estimate of $70.32 million. On average, research analysts anticipate that Univest Financial Co. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target 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 Company Profile

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.