Millennium Management LLC Sells 9,794 Shares of Univest Financial Co. (NASDAQ:UVSP)

Millennium Management LLC lowered its position in Univest Financial Co. (NASDAQ:UVSP) by 33.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,297 shares of the financial services provider’s stock after selling 9,794 shares during the period. Millennium Management LLC owned about 0.07% of Univest Financial worth $569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Univest Financial by 161.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,003 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 619 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Univest Financial by 14.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 617 shares during the period. State of Tennessee Department of Treasury purchased a new position in Univest Financial in the 4th quarter valued at about $244,000. Zacks Investment Management purchased a new position in Univest Financial in the 4th quarter valued at about $289,000. Finally, Trexquant Investment LP purchased a new position in Univest Financial in the 4th quarter worth approximately $290,000. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Financial Stock Up 2.3%

Univest Financial stock opened at $29.46 on Monday. The company has a market capitalization of $850.80 million, a PE ratio of 11.37 and a beta of 0.74. The firm has a 50 day moving average price of $28.81 and a 200 day moving average price of $29.61. Univest Financial Co. has a fifty-two week low of $20.67 and a fifty-two week high of $32.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

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

Univest Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.99%. This is a positive change from Univest Financial’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 7th. Univest Financial’s dividend payout ratio (DPR) is presently 32.96%.

Insider Activity at Univest Financial

In other news, Director Anne Vazquez acquired 1,250 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 6,250 shares in the company, valued at $178,937.50. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

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.