Everhart Financial Group Inc. Grows Stock Position in Univest Financial Co. (NASDAQ:UVSP)

Everhart Financial Group Inc. grew its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,639 shares of the financial services provider’s stock after purchasing an additional 1,319 shares during the quarter. Everhart Financial Group Inc.’s holdings in Univest Financial were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UVSP. SG Americas Securities LLC purchased a new stake in shares of Univest Financial during the 3rd quarter valued at about $289,000. CWM LLC increased its position in shares of Univest Financial by 66.1% during the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 2,465 shares during the last quarter. Creative Planning increased its holdings in Univest Financial by 34.6% in the 3rd quarter. Creative Planning now owns 54,132 shares of the financial services provider’s stock worth $1,523,000 after acquiring an additional 13,912 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Univest Financial by 57.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 228,321 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 83,312 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Financial Trading Up 0.6 %

Univest Financial stock opened at $31.41 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial Co. has a 12-month low of $18.41 and a 12-month high of $32.75. The firm has a 50 day moving average of $30.14 and a 200 day moving average of $29.03. The firm has a market capitalization of $912.15 million, a price-to-earnings ratio of 12.13 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. As a group, research analysts predict that Univest Financial Co. will post 2.36 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.67%. Univest Financial’s dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

Several research firms recently issued reports on UVSP. Stephens reissued an “equal weight” rating and issued a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd. Piper Sandler increased their target price on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, October 25th.

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.