Meeder Asset Management Inc. Acquires Shares of 2,949 Univest Financial Corp (NASDAQ:UVSP)

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Meeder Asset Management Inc. acquired a new stake in shares of Univest Financial Corp (NASDAQ:UVSP) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,949 shares of the financial services provider’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UVSP. Dimensional Fund Advisors LP boosted its position in shares of Univest Financial by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,897,325 shares of the financial services provider’s stock valued at $40,925,000 after acquiring an additional 130,091 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Univest Financial by 754.2% during the 4th quarter. Bank of America Corp DE now owns 116,261 shares of the financial services provider’s stock valued at $2,508,000 after acquiring an additional 102,651 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of Univest Financial by 207.2% during the 1st quarter. Martingale Asset Management L P now owns 114,600 shares of the financial services provider’s stock valued at $2,804,000 after acquiring an additional 77,296 shares during the last quarter. IndexIQ Advisors LLC bought a new position in shares of Univest Financial during the 1st quarter valued at approximately $1,566,000. Finally, Acadian Asset Management LLC boosted its position in shares of Univest Financial by 887.4% during the 1st quarter. Acadian Asset Management LLC now owns 56,124 shares of the financial services provider’s stock valued at $1,374,000 after acquiring an additional 50,440 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on UVSP. ValuEngine downgraded Univest Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Univest Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st.

Shares of UVSP opened at $24.87 on Wednesday. The company has a market cap of $732.34 million, a PE ratio of 12.31 and a beta of 0.76. The business has a fifty day moving average of $26.01 and a 200 day moving average of $25.40. Univest Financial Corp has a 52-week low of $20.18 and a 52-week high of $28.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $58.99 million during the quarter, compared to the consensus estimate of $58.10 million. Univest Financial had a return on equity of 10.19% and a net margin of 24.51%. As a group, research analysts anticipate that Univest Financial Corp will post 2.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.22%. Univest Financial’s dividend payout ratio is presently 39.60%.

About Univest Financial

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.

Read More: How to interpret a stock’s beta number

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

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