Univest Financial Co. (NASDAQ:UVSP) Stock Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in Univest Financial Co. (NASDAQ:UVSP) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 659,289 shares of the financial services provider’s stock after selling 900 shares during the period. Renaissance Technologies LLC’s holdings in Univest Financial were worth $15,052,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UVSP. Charles Schwab Investment Management Inc. increased its position in shares of Univest Financial by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider’s stock worth $6,682,000 after acquiring an additional 2,784 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Univest Financial by 307.7% in the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,714 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Univest Financial by 8.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock worth $26,390,000 after acquiring an additional 98,009 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Univest Financial by 95.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 2,094 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Univest Financial by 10.7% in the first quarter. BNP Paribas Financial Markets now owns 19,713 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 1,909 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Financial Stock Performance

Shares of UVSP opened at $28.47 on Friday. The company’s 50 day moving average price is $27.26 and its 200 day moving average price is $23.27. Univest Financial Co. has a 52 week low of $16.10 and a 52 week high of $29.49. The company has a market capitalization of $833.37 million, a PE ratio of 11.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $120.81 million for the quarter, compared to the consensus estimate of $72.50 million. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. During the same period in the previous year, the firm posted $0.61 earnings per share. Research analysts expect that Univest Financial Co. will post 2.31 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.95%. Univest Financial’s dividend payout ratio (DPR) is 35.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on UVSP. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler boosted their price objective on shares of Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, July 26th.

Insider Transactions at Univest Financial

In other news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $28.56, for a total transaction of $79,196.88. Following the transaction, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,575,740.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $28.56, for a total transaction of $79,196.88. Following the transaction, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,575,740.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total transaction of $34,200.00. Following the transaction, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,570,329.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,389 shares of company stock worth $412,352 in the last 90 days. 2.10% of the stock is owned by insiders.

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.