Jane Street Group LLC Increases Stake in Univest Financial Co. (NASDAQ:UVSP)

Jane Street Group LLC raised its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 75.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,782 shares of the financial services provider’s stock after buying an additional 21,030 shares during the quarter. Jane Street Group LLC owned about 0.17% of Univest Financial worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UVSP. Capital Performance Advisors LLP purchased a new stake in Univest Financial during the 3rd quarter valued at about $25,000. Innealta Capital LLC purchased a new position in Univest Financial in the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC boosted its holdings 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 purchasing an additional 1,411 shares during the last quarter. CWM LLC grew 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 valued at $174,000 after purchasing an additional 2,465 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Univest Financial in the third quarter valued at approximately $209,000. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price objective on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

Univest Financial Trading Down 1.6 %

Shares of UVSP opened at $29.46 on Friday. Univest Financial Co. has a 12-month low of $18.41 and a 12-month high of $32.75. The firm has a market capitalization of $855.61 million, a P/E ratio of 11.83 and a beta of 0.88. The firm has a 50-day moving average price of $30.36 and a 200 day moving average price of $27.47. 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 posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. The business had revenue of $126.59 million during the quarter, compared to analysts’ expectations of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same quarter in the prior year, the company posted $0.58 EPS. Sell-side analysts forecast that Univest Financial Co. will post 2.43 EPS for the current year.

Univest Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.84 annualized dividend and a yield of 2.85%. Univest Financial’s dividend payout ratio (DPR) is 33.73%.

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.