Univest Financial Co. (NASDAQ:UVSP) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,738 shares of the financial services provider’s stock after acquiring an additional 34,521 shares during the quarter. American Century Companies Inc. owned about 0.90% of Univest Financial worth $4,619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. boosted its position in shares of Univest Financial by 55.2% during the third quarter. Sei Investments Co. now owns 77,200 shares of the financial services provider’s stock worth $1,342,000 after buying an additional 27,450 shares during the period. Legal & General Group Plc boosted its position in shares of Univest Financial by 74.0% during the third quarter. Legal & General Group Plc now owns 33,581 shares of the financial services provider’s stock worth $584,000 after buying an additional 14,286 shares during the period. Endeavour Capital Advisors Inc. boosted its position in shares of Univest Financial by 134.2% during the third quarter. Endeavour Capital Advisors Inc. now owns 48,418 shares of the financial services provider’s stock worth $842,000 after buying an additional 27,740 shares during the period. AQR Capital Management LLC boosted its position in shares of Univest Financial by 186.3% during the third quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider’s stock worth $5,731,000 after buying an additional 214,572 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Univest Financial by 72.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,429 shares of the financial services provider’s stock worth $25,000 after buying an additional 600 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler lifted their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. TheStreet upgraded Univest Financial from a “c+” rating to a “b-” rating in a report on Thursday, December 14th.

Univest Financial Trading Up 4.6 %

NASDAQ:UVSP opened at $20.64 on Thursday. The firm has a market cap of $609.50 million, a PE ratio of 8.56 and a beta of 0.88. The stock has a fifty day moving average price of $20.22 and a 200 day moving average price of $19.31. Univest Financial Co. has a 12-month low of $16.10 and a 12-month high of $24.46. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Univest Financial had a return on equity of 8.89% and a net margin of 15.85%. The company had revenue of $71.38 million during the quarter, compared to the consensus estimate of $70.32 million. Sell-side analysts anticipate that Univest Financial Co. will post 2.04 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Tuesday, February 6th. Univest Financial’s dividend payout ratio (DPR) is 34.85%.

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.