Northern Trust Corp Has $10.01 Million Stock Position in Univest Financial Co. (NASDAQ:UVSP)

Northern Trust Corp lifted its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,290 shares of the financial services provider’s stock after purchasing an additional 9,184 shares during the period. Northern Trust Corp owned 1.17% of Univest Financial worth $10,012,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Bailard Inc. grew its holdings in shares of Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock valued at $624,000 after buying an additional 332 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Univest Financial by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider’s stock valued at $730,000 after buying an additional 488 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Univest Financial by 1.9% during the 4th quarter. Legal & General Group Plc now owns 28,530 shares of the financial services provider’s stock valued at $842,000 after buying an additional 528 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Univest Financial by 14.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 617 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Univest Financial by 161.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 619 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens restated an “equal weight” rating and set a $31.00 price objective on shares of Univest Financial in a research report on Thursday, January 23rd.

Insider Buying and Selling

In other Univest Financial news, Director Anne Vazquez acquired 1,250 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the purchase, the director now owns 6,250 shares in the company, valued at approximately $178,937.50. This trade represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

Univest Financial Trading Down 1.3%

Shares of NASDAQ:UVSP opened at $30.58 on Friday. The stock has a market capitalization of $883.15 million, a price-to-earnings ratio of 11.81 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day simple moving average is $28.52 and its two-hundred day simple moving average is $29.68. Univest Financial Co. has a 52-week low of $20.37 and a 52-week high of $32.75.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $79.20 million during the quarter, compared to the consensus estimate of $77.65 million. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. Analysts expect that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.88%. This is a boost from Univest Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 7th. Univest Financial’s dividend payout ratio is currently 32.96%.

Univest Financial 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.