Trexquant Investment LP Purchases New Holdings in Univest Financial Co. (NASDAQ:UVSP)

Trexquant Investment LP acquired a new position in Univest Financial Co. (NASDAQ:UVSP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,816 shares of the financial services provider’s stock, valued at approximately $290,000.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Univest Financial in the third quarter worth approximately $79,000. PNC Financial Services Group Inc. increased its stake in Univest Financial by 14.8% in the fourth 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 during the period. AlphaQuest LLC increased its stake in Univest Financial by 93.1% in the fourth quarter. AlphaQuest LLC now owns 14,571 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 7,024 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Univest Financial during the fourth quarter worth $511,000. Finally, Bailard Inc. boosted its stake in shares of Univest Financial by 1.6% during the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 332 shares during the period. Institutional investors own 75.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Anne Vazquez purchased 1,250 shares of Univest Financial stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $28.63 per share, with a total value of $35,787.50. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Univest Financial Trading Down 2.0 %

Shares of NASDAQ UVSP opened at $25.30 on Monday. Univest Financial Co. has a twelve month low of $18.41 and a twelve month high of $32.75. The firm has a market cap of $733.75 million, a PE ratio of 9.77 and a beta of 0.72. The business has a fifty day simple moving average of $28.97 and a two-hundred day simple moving average of $29.42. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping 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%. Analysts expect that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, February 5th. Univest Financial’s payout ratio is 32.43%.

Analyst Ratings Changes

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

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.