Univest Financial Co. (NASDAQ:UVSP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Univest Financial Co. (NASDAQ:UVSP) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 704,445 shares of the financial services provider’s stock after acquiring an additional 23,770 shares during the period. Geode Capital Management LLC owned 2.43% of Univest Financial worth $19,826,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Univest Financial during the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new position in Univest Financial during the second quarter valued at approximately $28,000. International Assets Investment Management LLC grew its stake 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 position in shares of Univest Financial by 66.1% in the third 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. Finally, Centiva Capital LP purchased a new position in shares of Univest Financial in the 3rd quarter valued at $209,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price objective 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 Stock Performance

NASDAQ:UVSP opened at $29.46 on Friday. 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 1-year low of $18.41 and a 1-year high of $32.75. The firm has a 50-day moving average of $30.38 and a two-hundred day moving average of $27.52. The stock has a market cap of $855.61 million, a P/E ratio of 11.83 and a beta of 0.88.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same period last year, the firm earned $0.58 earnings per share. On average, research analysts expect that Univest Financial Co. will post 2.43 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders 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 yield of 2.85%. Univest Financial’s dividend payout ratio is currently 33.73%.

Univest Financial Company 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.