Univest Financial Co. (NASDAQ:UVSP) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 91.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,603 shares of the financial services provider’s stock after acquiring an additional 31,783 shares during the period. Barclays PLC owned approximately 0.23% of Univest Financial worth $1,875,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UVSP. Capital Performance Advisors LLP acquired a new position in shares of Univest Financial during the 3rd quarter worth $25,000. Innealta Capital LLC purchased a new stake in Univest Financial during the second quarter worth about $28,000. International Assets Investment Management LLC grew its position in Univest Financial by 2,713.5% during the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,411 shares during the period. CWM LLC increased its holdings in Univest Financial by 66.1% in the third quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock valued at $174,000 after buying an additional 2,465 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Univest Financial during the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Financial Price Performance

Shares of NASDAQ UVSP opened at $29.93 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $30.33 and its 200 day moving average price is $27.45. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75. The stock has a market cap of $869.26 million, a price-to-earnings ratio of 12.02 and a beta of 0.88.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $74.11 million. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, research analysts forecast that Univest Financial Co. will post 2.43 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.21 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. Univest Financial’s dividend payout ratio (DPR) is 33.73%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on 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.