Connor Clark & Lunn Investment Management Ltd. Has $730,000 Position in Univest Financial Co. (NASDAQ:UVSP)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,722 shares of the financial services provider’s stock after purchasing an additional 9,890 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Univest Financial were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in UVSP. Wilmington Savings Fund Society FSB acquired a new stake in Univest Financial during the 3rd quarter worth approximately $79,000. PNC Financial Services Group Inc. raised its holdings 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 valued at $142,000 after acquiring an additional 617 shares in the last quarter. Centiva Capital LP acquired a new position in Univest Financial in the 3rd quarter valued at $209,000. AlphaQuest LLC raised its holdings in Univest Financial by 93.1% in 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 in the last quarter. Finally, Bailard Inc. raised its holdings in Univest Financial by 1.6% in the 4th quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 332 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anne Vazquez acquired 1,250 shares of Univest Financial stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the transaction, the director now directly owns 6,250 shares of the company’s stock, valued at approximately $178,937.50. The trade was a 25.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

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

Univest Financial Price Performance

Shares of NASDAQ UVSP opened at $28.64 on Friday. The stock has a market capitalization of $830.62 million, a PE ratio of 11.06 and a beta of 0.89. 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 business has a fifty day moving average price of $29.80 and a two-hundred day moving average price of $29.45. Univest Financial Co. has a fifty-two week low of $18.41 and a fifty-two week high of $32.75.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 2.93%. Univest Financial’s payout ratio is 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.