Lindbrook Capital LLC Buys 1,162 Shares of Univest Financial Co. (NASDAQ:UVSP)

Lindbrook Capital LLC raised its stake in Univest Financial Co. (NASDAQ:UVSP) by 1,787.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,227 shares of the financial services provider’s stock after buying an additional 1,162 shares during the period. Lindbrook Capital LLC’s holdings in Univest Financial were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UVSP. Raymond James & Associates lifted its stake in shares of Univest Financial by 7.9% in the 3rd quarter. Raymond James & Associates now owns 26,519 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 1,942 shares during the period. Bailard Inc. acquired a new position in shares of Univest Financial in the 3rd quarter valued at about $191,000. Everhart Financial Group Inc. acquired a new position in shares of Univest Financial in the 3rd quarter valued at about $190,000. Strs Ohio lifted its stake in shares of Univest Financial by 20.0% in the 3rd quarter. Strs Ohio now owns 34,200 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 5,700 shares during the period. Finally, Watershed Asset Management L.L.C. acquired a new position in shares of Univest Financial in the 3rd quarter valued at about $240,000. Institutional investors own 75.07% of the company’s stock.

Univest Financial Stock Up 3.3 %

UVSP stock opened at $21.23 on Friday. The stock’s 50 day simple moving average is $19.79 and its 200 day simple moving average is $19.63. Univest Financial Co. has a fifty-two week low of $16.10 and a fifty-two week high of $22.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $626.92 million, a P/E ratio of 8.88 and a beta of 0.89.

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

Univest Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Tuesday, May 7th. Univest Financial’s dividend payout ratio (DPR) is currently 35.15%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $23.00 price objective (up from $22.00) on shares of Univest Financial in a research note on Friday.

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.