UNIVEST FINANCIAL Corp trimmed its position in Univest Financial Corp (NASDAQ:UVSP) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,226 shares of the financial services provider’s stock after selling 18,574 shares during the quarter. Univest Financial comprises approximately 4.9% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 3rd biggest position. UNIVEST FINANCIAL Corp owned about 2.01% of Univest Financial worth $15,473,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in Univest Financial by 11.1% during the 1st quarter. Bank of Montreal Can now owns 9,173 shares of the financial services provider’s stock valued at $224,000 after buying an additional 918 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Univest Financial during the 1st quarter valued at approximately $39,000. Virginia Retirement Systems ET AL boosted its position in shares of Univest Financial by 9.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 17,700 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 1,600 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Univest Financial by 13.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,053 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 2,075 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Univest Financial by 1.1% during the 4th 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 last quarter. 67.44% of the stock is owned by institutional investors.
UVSP traded up $0.16 during trading on Wednesday, reaching $27.64. The company had a trading volume of 1,222 shares, compared to its average volume of 90,294. The company has a market capitalization of $795.45 million, a PE ratio of 13.73 and a beta of 0.79. The business’s 50 day moving average is $25.92. Univest Financial Corp has a 52 week low of $20.18 and a 52 week high of $29.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 4th were given a $0.20 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. Univest Financial’s dividend payout ratio is presently 39.60%.
In related news, Director Robert C. Wonderling purchased 2,500 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $62,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.64% of the stock is owned by company insiders.
UVSP has been the subject of a number of research reports. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
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.
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