Univest Financial Corp (UVSP) Shares Bought by Vanguard Group Inc.

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Vanguard Group Inc. boosted its position in Univest Financial Corp (NASDAQ:UVSP) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,305,766 shares of the financial services provider’s stock after acquiring an additional 44,447 shares during the quarter. Vanguard Group Inc.’s holdings in Univest Financial were worth $34,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of UVSP. Teachers Advisors LLC increased its stake in shares of Univest Financial by 4.9% in the third quarter. Teachers Advisors LLC now owns 55,460 shares of the financial services provider’s stock worth $1,467,000 after acquiring an additional 2,586 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Univest Financial by 5.0% in the third quarter. Neuberger Berman Group LLC now owns 254,376 shares of the financial services provider’s stock worth $6,728,000 after acquiring an additional 12,150 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in shares of Univest Financial by 72.0% in the third quarter. MetLife Investment Advisors LLC now owns 20,872 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 8,739 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in shares of Univest Financial by 133.1% in the third quarter. BlueMountain Capital Management LLC now owns 57,198 shares of the financial services provider’s stock worth $1,513,000 after acquiring an additional 32,657 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Univest Financial by 28.4% in the third quarter. Renaissance Technologies LLC now owns 839,569 shares of the financial services provider’s stock worth $22,207,000 after acquiring an additional 185,880 shares during the last quarter. Hedge funds and other institutional investors own 66.62% of the company’s stock.

Univest Financial stock traded up $0.10 during mid-day trading on Tuesday, hitting $24.40. 32,079 shares of the company’s stock were exchanged, compared to its average volume of 134,730. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $706.19 million, a price-to-earnings ratio of 12.08 and a beta of 0.71. Univest Financial Corp has a 1-year low of $20.18 and a 1-year high of $30.15.

Univest Financial (NASDAQ:UVSP) last posted its 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. Univest Financial had a net margin of 20.16% and a return on equity of 9.72%. The firm had revenue of $55.79 million for the quarter, compared to the consensus estimate of $55.10 million. As a group, sell-side analysts anticipate that Univest Financial Corp will post 2.2 earnings per share for the current year.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of Univest Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. ValuEngine downgraded shares of Univest Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.

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Univest Financial Profile

Univest Financial Corporation operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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

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