Rhumbline Advisers Has $1.38 Million Position in Univest Financial Co. (NASDAQ:UVSP)

Rhumbline Advisers lifted its stake in shares of Univest Financial Co. (NASDAQ:UVSP – Free Report) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,768 shares of the financial services provider’s stock after buying an additional 1,315 shares during the quarter. Rhumbline Advisers’ holdings in Univest Financial were worth $1,380,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of UVSP. International Assets Investment Management LLC lifted its stake in shares of Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Univest Financial during the 3rd quarter worth about $239,000. Capital Performance Advisors LLP acquired a new stake in shares of Univest Financial during the 3rd quarter worth about $25,000. Empowered Funds LLC lifted its stake in shares of Univest Financial by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 93,691 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 4,690 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Univest Financial during the 3rd quarter worth about $417,000. Institutional investors and hedge funds own 75.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Univest Financial in a research note on Thursday, January 23rd.

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Univest Financial Price Performance

NASDAQ:UVSP opened at $29.45 on Wednesday. Univest Financial Co. has a 52 week low of $18.41 and a 52 week high of $32.75. The firm has a market cap of $854.11 million, a price-to-earnings ratio of 11.37 and a beta of 0.89. The firm’s 50-day simple moving average is $30.00 and its 200 day simple moving average is $29.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Financial (NASDAQ:UVSP – Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Univest Financial Co. will post 2.36 earnings per share for the current year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, February 5th. Univest Financial’s dividend payout ratio is 32.43%.

Univest Financial Profile

(Free Report)

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.