Thrivent Financial for Lutherans Has $958,000 Stock Holdings in Univest Financial Co. (NASDAQ:UVSP)

Thrivent Financial for Lutherans decreased its stake in shares of Univest Financial Co. (NASDAQ:UVSP) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,462 shares of the financial services provider’s stock after selling 13,324 shares during the period. Thrivent Financial for Lutherans owned about 0.11% of Univest Financial worth $958,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UVSP. Wilmington Savings Fund Society FSB bought a new stake in shares of Univest Financial in the 3rd quarter worth approximately $79,000. PNC Financial Services Group Inc. lifted its stake in Univest Financial by 14.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 617 shares in the last quarter. Centiva Capital LP bought a new stake in Univest Financial during the third quarter valued at $209,000. AlphaQuest LLC boosted its position in shares of Univest Financial by 93.1% during the 4th quarter. AlphaQuest LLC now owns 14,571 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 7,024 shares during the last quarter. Finally, Bailard Inc. grew its stake in Univest Financial by 1.6% in the 4th quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock worth $624,000 after buying an additional 332 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Anne Vazquez bought 1,250 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $28.63 per share, with a total value of $35,787.50. Following the completion of the purchase, the director now owns 6,250 shares in the company, valued at approximately $178,937.50. The trade was a 25.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Univest Financial Price Performance

UVSP opened at $28.73 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $29.78 and its 200 day simple moving average is $29.53. The firm has a market cap of $833.23 million, a price-to-earnings ratio of 11.09 and a beta of 0.89. Univest Financial Co. has a 1 year low of $18.41 and a 1 year high of $32.75.

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

Univest Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were issued a $0.21 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.84 annualized dividend and a yield of 2.92%. Univest Financial’s dividend payout ratio (DPR) is presently 32.43%.

About Univest Financial

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.