Wilmington Savings Fund Society FSB Invests $79,000 in Univest Financial Co. (NASDAQ:UVSP)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Univest Financial Co. (NASDAQ:UVSP) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 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 raised 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 purchasing an additional 12,401 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Univest Financial by 3.5% in the third quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after buying an additional 23,770 shares during the period. American Century Companies Inc. raised its holdings in Univest Financial by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock valued at $11,006,000 after buying an additional 83,599 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Univest Financial by 57.5% during the 3rd 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 during the period. Finally, Bank of New York Mellon Corp boosted its position in Univest Financial by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 174,115 shares of the financial services provider’s stock worth $3,975,000 after buying an additional 6,724 shares during the period. Institutional investors and hedge funds own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Univest Financial Price Performance

Shares of UVSP opened at $29.78 on Friday. The firm has a market cap of $864.90 million, a PE ratio of 11.96 and a beta of 0.88. Univest Financial Co. has a 52-week low of $18.41 and a 52-week high of $32.75. 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 business’s 50 day moving average price is $30.23 and its two-hundred day moving average price is $27.23.

Univest Financial (NASDAQ:UVSP) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The company had revenue of $126.59 million for the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Univest Financial Co. will post 2.43 EPS for the current year.

Univest Financial Announces Dividend

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

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.