Univest Financial Co. (NASDAQ:UVSP) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Univest Financial Co. (NASDAQ:UVSP) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,700 shares of the financial services provider’s stock after purchasing an additional 6,667 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Univest Financial worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its holdings in Univest Financial by 1.1% in the second quarter. Rhumbline Advisers now owns 47,766 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 503 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Univest Financial during the 3rd quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of Univest Financial in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC raised its position in shares of Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,411 shares in the last quarter. Finally, CWM LLC raised its position in shares of Univest Financial by 66.1% during the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 2,465 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Financial Stock Down 2.9 %

UVSP stock opened at $31.10 on Wednesday. The company has a market cap of $903.24 million, a price-to-earnings ratio of 12.50 and a beta of 0.88. The company has a fifty day moving average price of $30.01 and a 200 day moving average price of $27.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75.

Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. The business had revenue of $126.59 million during the quarter, compared to analysts’ expectations of $74.11 million. During the same period in the prior year, the company earned $0.58 earnings per share. Sell-side analysts expect that Univest Financial Co. will post 2.43 earnings per share for the current year.

Univest Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. Univest Financial’s dividend payout ratio (DPR) is currently 33.73%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

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.