Dimensional Fund Advisors LP Sells 20,059 Shares of Univest Financial Co. (NASDAQ:UVSP)

Dimensional Fund Advisors LP reduced its holdings in shares of Univest Financial Co. (NASDAQ:UVSPFree Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,957,085 shares of the financial services provider’s stock after selling 20,059 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Univest Financial worth $43,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its holdings in shares of Univest Financial by 5.4% in the third quarter. FMR LLC now owns 2,556,151 shares of the financial services provider’s stock worth $44,426,000 after purchasing an additional 130,584 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Univest Financial by 186.3% in the third quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider’s stock worth $5,731,000 after purchasing an additional 214,572 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 2,784 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Univest Financial by 14.9% in the third quarter. American Century Companies Inc. now owns 265,738 shares of the financial services provider’s stock worth $4,619,000 after purchasing an additional 34,521 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Univest Financial by 78.3% in the third quarter. Assenagon Asset Management S.A. now owns 180,994 shares of the financial services provider’s stock worth $3,146,000 after purchasing an additional 79,472 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.

Univest Financial Stock Performance

Shares of UVSP stock opened at $21.65 on Friday. The stock has a fifty day moving average of $20.88 and a 200 day moving average of $20.50. Univest Financial Co. has a 52 week low of $16.10 and a 52 week high of $23.10. The firm has a market capitalization of $633.70 million, a price-to-earnings ratio of 9.07 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18.

Univest Financial (NASDAQ:UVSPGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.12. Univest Financial had a return on equity of 8.35% and a net margin of 14.98%. The company had revenue of $77.06 million during the quarter, compared to analyst estimates of $71.40 million. As a group, research analysts expect that Univest Financial Co. will post 2.05 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, May 7th. Univest Financial’s dividend payout ratio is currently 35.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $23.00 target price (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

Read Our Latest Report on Univest Financial

Insider Buying and Selling at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $22.55, for a total transaction of $202,950.00. Following the completion of the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,033,716.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Univest Financial Company 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.

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Institutional Ownership by Quarter for Univest Financial (NASDAQ:UVSP)

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