Wedge Capital Management L L P NC Has $519,000 Stock Position in Univest Financial Co. (NASDAQ:UVSP)

Wedge Capital Management L L P NC raised its position in Univest Financial Co. (NASDAQ:UVSP) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,568 shares of the financial services provider’s stock after acquiring an additional 2,448 shares during the period. Wedge Capital Management L L P NC’s holdings in Univest Financial were worth $519,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Univest Financial by 212.8% in the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,941 shares during the period. Lindbrook Capital LLC grew its stake in shares of Univest Financial by 1,787.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,162 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Univest Financial by 27.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,194 shares during the period. International Assets Investment Management LLC grew its stake in shares of Univest Financial by 2,103.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,094 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Univest Financial by 16.0% in the 4th quarter. Raymond James & Associates now owns 30,774 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 4,255 shares during the period. 75.07% of the stock is currently owned by institutional investors.

Univest Financial Stock Up 3.3 %

NASDAQ UVSP opened at $21.23 on Friday. The firm has a market cap of $626.92 million, a PE ratio of 8.88 and a beta of 0.89. Univest Financial Co. has a one year low of $16.10 and a one year high of $22.49. The stock’s 50 day simple moving average is $19.79 and its 200 day simple moving average 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.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $71.38 million for the quarter, compared to analyst estimates of $70.32 million. Univest Financial had a return on equity of 8.42% and a net margin of 14.98%. As a group, sell-side analysts forecast that Univest Financial Co. will post 2.04 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on UVSP. Piper Sandler upped their price objective on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods restated 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.

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.