Everhart Financial Group Inc. Grows Holdings in Univest Financial Co. (NASDAQ:UVSP)

Everhart Financial Group Inc. lifted its holdings in Univest Financial Co. (NASDAQ:UVSP) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,639 shares of the financial services provider’s stock after buying an additional 1,319 shares during the quarter. Everhart Financial Group Inc. owned approximately 0.10% of Univest Financial worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Univest Financial in the 3rd quarter worth about $25,000. International Assets Investment Management LLC boosted its stake in Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Univest Financial in the 3rd quarter worth about $79,000. CWM LLC boosted its stake in Univest Financial by 66.1% in the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 2,465 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Univest Financial in the 3rd quarter worth about $209,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Financial Price Performance

UVSP opened at $31.41 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $912.15 million, a P/E ratio of 12.13 and a beta of 0.89. The company’s 50-day simple moving average is $30.14 and its two-hundred day simple moving average is $29.03. Univest Financial Co. has a 52-week low of $18.41 and a 52-week high of $32.75.

Univest Financial (NASDAQ:UVSP) last posted its 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 net margin of 15.17% and a return on equity of 8.51%. As a group, analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 5th. Univest Financial’s dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UVSP. Stephens reiterated an “equal weight” rating and issued a $31.00 price target on shares of Univest Financial in a research note on Thursday, January 23rd. Piper Sandler upped their price target on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

Univest Financial Company 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.