ProShare Advisors LLC Invests $240,000 in Univest Financial Co. (NASDAQ:UVSP)

ProShare Advisors LLC bought a new position in Univest Financial Co. (NASDAQ:UVSP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 8,148 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UVSP. Barclays PLC boosted its holdings in shares of Univest Financial by 91.3% in the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 31,783 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Univest Financial by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 488 shares during the period. Empowered Funds LLC boosted its holdings in shares of Univest Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 98,430 shares of the financial services provider’s stock worth $2,905,000 after purchasing an additional 4,739 shares during the period. Rhumbline Advisers boosted its holdings in shares of Univest Financial by 2.9% in the 4th quarter. Rhumbline Advisers now owns 46,768 shares of the financial services provider’s stock worth $1,380,000 after purchasing an additional 1,315 shares during the period. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Univest Financial by 5.0% in the 4th quarter. Everhart Financial Group Inc. now owns 27,639 shares of the financial services provider’s stock worth $816,000 after purchasing an additional 1,319 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Insider Buying and Selling

In other Univest Financial news, Director Anne Vazquez purchased 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of $28.63 per share, with a total value of $35,787.50. Following the purchase, the director now owns 6,250 shares of the company’s stock, valued at approximately $178,937.50. The trade was a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Univest Financial Price Performance

Shares of Univest Financial stock opened at $29.61 on Friday. The stock has a market cap of $855.14 million, a price-to-earnings ratio of 11.43 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 has a 50 day moving average price of $28.79 and a 200-day moving average price of $29.68. Univest Financial Co. has a one year low of $20.37 and a one year high of $32.75.

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

Univest Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a dividend of $0.22 per share. This is a positive change from Univest Financial’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Wednesday, May 7th. Univest Financial’s dividend payout ratio (DPR) 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.