Los Angeles Capital Management & Equity Research Inc. Acquires Shares of 8,965 Univest Financial Corp (UVSP)

Los Angeles Capital Management & Equity Research Inc. acquired a new position in Univest Financial Corp (NASDAQ:UVSP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,965 shares of the financial services provider’s stock, valued at approximately $219,000.

Other institutional investors have also added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its holdings in shares of Univest Financial by 9.5% during the fourth quarter. Virginia Retirement Systems ET AL now owns 16,100 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,400 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Univest Financial by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 200,282 shares of the financial services provider’s stock valued at $4,320,000 after acquiring an additional 2,211 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Univest Financial by 4.9% during the third quarter. Teachers Advisors LLC now owns 55,460 shares of the financial services provider’s stock valued at $1,467,000 after acquiring an additional 2,586 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Univest Financial by 60.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 9,287 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 3,490 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Univest Financial by 51.0% during the fourth quarter. Citigroup Inc. now owns 11,763 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 3,974 shares during the period. 66.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Robert C. Wonderling purchased 2,500 shares of Univest Financial stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $25.04 per share, with a total value of $62,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.64% of the company’s stock.

Shares of UVSP opened at $25.00 on Thursday. Univest Financial Corp has a 1 year low of $20.18 and a 1 year high of $30.15. The firm has a market cap of $719.59 million, a PE ratio of 12.38 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.97.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Univest Financial had a net margin of 20.67% and a return on equity of 10.06%. The company had revenue of $57.82 million during the quarter, compared to the consensus estimate of $56.60 million. On average, analysts anticipate that Univest Financial Corp will post 2.2 earnings per share for the current year.

Several equities analysts have recently issued reports on UVSP shares. BidaskClub downgraded shares of Univest Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. ValuEngine raised shares of Univest Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research downgraded shares of Univest Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd.

COPYRIGHT VIOLATION NOTICE: “Los Angeles Capital Management & Equity Research Inc. Acquires Shares of 8,965 Univest Financial Corp (UVSP)” was first published by WKRB News and is owned by of WKRB News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.wkrb13.com/2019/05/16/los-angeles-capital-management-equity-research-inc-acquires-shares-of-8965-univest-financial-corp-uvsp.html.

About Univest Financial

Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

Featured Story: What defines an oversold asset?

Want to see what other hedge funds are holding UVSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Univest Financial Corp (NASDAQ:UVSP).

Institutional Ownership by Quarter for Univest Financial (NASDAQ:UVSP)

Receive News & Ratings for Univest Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univest Financial and related companies with MarketBeat.com's FREE daily email newsletter.