Squarepoint Ops LLC cut its stake in shares of Univest Financial Corp (NASDAQ:UVSP) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,610 shares of the financial services provider’s stock after selling 4,790 shares during the period. Squarepoint Ops LLC owned about 0.14% of Univest Financial worth $1,036,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new stake in Univest Financial in the second quarter valued at $8,492,000. Wells Fargo & Company MN increased its holdings in Univest Financial by 75.8% in the second quarter. Wells Fargo & Company MN now owns 446,826 shares of the financial services provider’s stock valued at $11,733,000 after purchasing an additional 192,707 shares during the period. Impax Asset Management Group plc acquired a new stake in Univest Financial in the second quarter valued at $3,071,000. Renaissance Technologies LLC increased its holdings in Univest Financial by 5.6% in the second quarter. Renaissance Technologies LLC now owns 1,122,469 shares of the financial services provider’s stock valued at $29,476,000 after purchasing an additional 59,800 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Univest Financial in the third quarter valued at $1,209,000. Institutional investors own 67.52% of the company’s stock.

Shares of UVSP opened at $26.78 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $785.38 million, a P/E ratio of 13.26 and a beta of 0.80. The firm’s fifty day simple moving average is $26.01 and its two-hundred day simple moving average is $25.65. Univest Financial Corp has a 12 month low of $20.18 and a 12 month high of $27.80.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $59.24 million for the quarter. Univest Financial had a net margin of 24.88% and a return on equity of 10.41%. As a group, research analysts predict that Univest Financial Corp will post 2.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. Univest Financial’s dividend payout ratio (DPR) is currently 39.60%.

A number of analysts recently weighed in on UVSP shares. Raymond James started coverage on Univest Financial in a report on Tuesday, November 26th. They issued an “outperform” rating and a $29.00 price objective for the company. BidaskClub upgraded Univest Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, December 7th. Zacks Investment Research raised shares of Univest Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, ValuEngine cut shares of Univest Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th.

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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