Univest Financial Co. (NASDAQ:UVSP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Univest Financial Co. (NASDAQ:UVSPFree Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,957,085 shares of the financial services provider’s stock after selling 20,059 shares during the period. Dimensional Fund Advisors LP owned about 6.63% of Univest Financial worth $43,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Univest Financial by 2,103.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,094 shares during the last quarter. Lindbrook Capital LLC lifted its position in Univest Financial by 1,787.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,162 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Univest Financial by 27.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,194 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Univest Financial by 15.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 12,188 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Univest Financial by 2.7% during the third quarter. Swiss National Bank now owns 64,778 shares of the financial services provider’s stock worth $1,126,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Insider Buying and Selling at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.55, for a total transaction of $202,950.00. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,033,716.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

UVSP has been the subject of several research reports. Piper Sandler boosted their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $23.00 target price (up from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

Read Our Latest Report on UVSP

Univest Financial Stock Up 1.4 %

Univest Financial stock opened at $21.65 on Friday. Univest Financial Co. has a fifty-two week low of $16.10 and a fifty-two week high of $23.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $633.70 million, a P/E ratio of 9.07 and a beta of 0.87. The stock has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $20.50.

Univest Financial (NASDAQ:UVSPGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. The firm had revenue of $77.06 million during the quarter, compared to the consensus estimate of $71.40 million. Univest Financial had a return on equity of 8.35% and a net margin of 14.98%. Equities research analysts expect that Univest Financial Co. will post 2.05 earnings per share for the current year.

Univest Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, May 7th. Univest Financial’s dividend payout ratio is presently 35.15%.

Univest Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Univest Financial (NASDAQ:UVSP)

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