Wilmington Savings Fund Society FSB Purchases New Holdings in Univest Financial Co. (NASDAQ:UVSP)

Wilmington Savings Fund Society FSB purchased a new stake in Univest Financial Co. (NASDAQ:UVSP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,802 shares of the financial services provider’s stock, valued at approximately $79,000.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Univest Financial by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider’s stock valued at $27,632,000 after acquiring an additional 12,401 shares during the period. Geode Capital Management LLC lifted its holdings in Univest Financial by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after purchasing an additional 23,770 shares during the last quarter. American Century Companies Inc. grew its stake in Univest Financial by 21.0% during the second quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock worth $11,006,000 after buying an additional 83,599 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Univest Financial by 57.5% during the third quarter. Assenagon Asset Management S.A. now owns 228,321 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 83,312 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Univest Financial by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 174,115 shares of the financial services provider’s stock valued at $3,975,000 after acquiring an additional 6,724 shares during the last quarter. Institutional investors own 75.07% of the company’s stock.

Univest Financial Trading Up 0.3 %

NASDAQ UVSP opened at $29.78 on Friday. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75. The stock has a 50-day simple moving average of $30.23 and a 200 day simple moving average of $27.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $864.90 million, a PE ratio of 11.96 and a beta of 0.88.

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 analysts’ consensus estimates of $0.56 by $0.07. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. The firm had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same period last year, the company earned $0.58 earnings per share. Research analysts forecast that Univest Financial Co. will post 2.43 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.82%. The ex-dividend date was Wednesday, November 6th. Univest Financial’s payout ratio is 33.73%.

Analyst Ratings Changes

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.

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.