Univest Financial Co. (NASDAQ:UVSP) Holdings Cut by Strs Ohio

Strs Ohio decreased its stake in Univest Financial Co. (NASDAQ:UVSP) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,600 shares of the financial services provider’s stock after selling 4,600 shares during the quarter. Strs Ohio owned approximately 0.10% of Univest Financial worth $652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UVSP. AQR Capital Management LLC lifted its position in Univest Financial by 186.3% in the 3rd 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 in the last quarter. FMR LLC raised its holdings in shares of Univest Financial by 5.4% during the 3rd quarter. FMR LLC now owns 2,556,151 shares of the financial services provider’s stock valued at $44,426,000 after purchasing an additional 130,584 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Univest Financial by 37.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 300,547 shares of the financial services provider’s stock valued at $5,224,000 after purchasing an additional 82,107 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Univest Financial by 78.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 180,994 shares of the financial services provider’s stock valued at $3,146,000 after purchasing an additional 79,472 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Univest Financial by 44.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 158,221 shares of the financial services provider’s stock valued at $2,750,000 after purchasing an additional 48,922 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Financial Stock Performance

NASDAQ:UVSP opened at $20.55 on Friday. Univest Financial Co. has a 1 year low of $16.10 and a 1 year high of $22.49. The firm’s fifty day simple moving average is $19.80 and its 200 day simple moving average is $19.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $606.84 million, a PE ratio of 8.60 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Univest Financial had a net margin of 14.98% and a return on equity of 8.42%. The business had revenue of $71.38 million for the quarter, compared to analyst estimates of $70.32 million. On average, sell-side analysts anticipate that Univest Financial Co. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st.

About Univest Financial

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.