JPMorgan Chase & Co. Grows Stock Position in Univest Financial Co. (NASDAQ:UVSP)

JPMorgan Chase & Co. raised its holdings in Univest Financial Co. (NASDAQ:UVSP) by 64.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,531 shares of the financial services provider’s stock after buying an additional 40,545 shares during the quarter. JPMorgan Chase & Co.’s holdings in Univest Financial were worth $2,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in Univest Financial during the third quarter worth approximately $25,000. International Assets Investment Management LLC boosted its position in 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 purchasing an additional 1,411 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Univest Financial in the third quarter valued at about $79,000. CWM LLC raised its stake in shares of Univest Financial by 66.1% during the third quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 2,465 shares during the period. Finally, Centiva Capital LP acquired a new position in Univest Financial in the 3rd quarter worth $209,000. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Financial Trading Up 0.9 %

Shares of NASDAQ:UVSP opened at $29.69 on Monday. The company has a 50 day moving average of $30.51 and a 200-day moving average of $28.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market cap of $862.20 million, a P/E ratio of 11.92 and a beta of 0.89. Univest Financial Co. has a twelve month low of $18.41 and a twelve month high of $32.75.

Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, analysts anticipate that Univest Financial Co. will post 2.43 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. Univest Financial’s dividend payout ratio is 33.73%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on 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.