Rhumbline Advisers Buys 1,315 Shares of Univest Financial Co. (NASDAQ:UVSP)

Rhumbline Advisers lifted its stake in shares of Univest Financial Co. (NASDAQ:UVSP) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,768 shares of the financial services provider’s stock after acquiring an additional 1,315 shares during the period. Rhumbline Advisers owned approximately 0.16% of Univest Financial worth $1,380,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Univest Financial during the third quarter worth $25,000. International Assets Investment Management LLC boosted its holdings 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 purchasing an additional 1,411 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Univest Financial during the third quarter worth $79,000. Centiva Capital LP acquired a new position in Univest Financial during the third quarter worth $209,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Univest Financial during the third quarter worth $239,000. Institutional investors own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd.

Univest Financial Stock Performance

Shares of UVSP opened at $29.45 on Wednesday. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75. The firm has a fifty day simple moving average of $30.00 and a 200 day simple moving average of $29.39. The stock has a market capitalization of $854.11 million, a price-to-earnings ratio of 11.37 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. Research analysts forecast that Univest Financial Co. will post 2.36 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, February 5th. Univest Financial’s dividend payout ratio is currently 32.43%.

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.