Univest Financial Co. (NASDAQ:UVSP) Stock Position Lifted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,568 shares of the financial services provider’s stock after buying an additional 2,448 shares during the period. Wedge Capital Management L L P NC owned about 0.08% of Univest Financial worth $519,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Univest Financial by 2,103.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,094 shares during the period. Lindbrook Capital LLC raised its position in shares of Univest Financial by 1,787.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,162 shares during the period. Quantbot Technologies LP raised its position in shares of Univest Financial by 1,029.9% during the 3rd quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,823 shares during the period. Signaturefd LLC raised its position in shares of Univest Financial by 212.8% during the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,941 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Univest Financial by 27.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,194 shares during the period. Institutional investors own 75.07% of the company’s stock.

Univest Financial Stock Up 3.3 %

Shares of Univest Financial stock opened at $21.23 on Friday. The business’s fifty day moving average price is $19.79 and its two-hundred day moving average price is $19.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $626.92 million, a P/E ratio of 8.88 and a beta of 0.89. Univest Financial Co. has a 1-year low of $16.10 and a 1-year high of $22.49.

Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $71.38 million for the quarter, compared to the consensus estimate of $70.32 million. Univest Financial had a return on equity of 8.42% and a net margin of 14.98%. As a group, research analysts forecast that Univest Financial Co. will post 2.04 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Tuesday, May 7th. Univest Financial’s dividend payout ratio is presently 35.15%.

Analyst Ratings Changes

A number of analysts have recently weighed in on UVSP shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $23.00 price target (up from $22.00) on shares of Univest Financial in a research report on Friday. Piper Sandler increased their price target on Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st.

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.