Univest Financial Corp (UVSP) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Univest Financial Corp (NASDAQ:UVSP) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,282 shares of the financial services provider’s stock after acquiring an additional 2,211 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Univest Financial worth $4,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Univest Financial by 80.2% during the third quarter. JPMorgan Chase & Co. now owns 32,050 shares of the financial services provider’s stock worth $847,000 after acquiring an additional 14,266 shares during the last quarter. Prudential Financial Inc. increased its stake in Univest Financial by 7.4% during the third quarter. Prudential Financial Inc. now owns 54,918 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 3,807 shares during the last quarter. BlackRock Inc. increased its stake in Univest Financial by 1.0% during the third quarter. BlackRock Inc. now owns 2,034,579 shares of the financial services provider’s stock worth $53,815,000 after acquiring an additional 19,684 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Univest Financial by 6.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,767,234 shares of the financial services provider’s stock worth $46,743,000 after acquiring an additional 110,564 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Univest Financial during the third quarter worth about $495,000. 66.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:UVSP opened at $25.27 on Wednesday. The stock has a market cap of $749.52 million, a price-to-earnings ratio of 12.51 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Univest Financial Corp has a 12 month low of $20.18 and a 12 month high of $30.15.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The company had revenue of $55.79 million during the quarter, compared to analyst estimates of $55.10 million. Univest Financial had a return on equity of 9.65% and a net margin of 20.16%. Research analysts predict that Univest Financial Corp will post 2.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Wednesday, March 13th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.17%. Univest Financial’s dividend payout ratio (DPR) is currently 39.60%.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Univest Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. BidaskClub upgraded Univest Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, ValuEngine lowered Univest Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th.

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Univest Financial Profile

Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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

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