Empowered Funds LLC Has $2.91 Million Stock Position in Univest Financial Co. (NASDAQ:UVSP)

Empowered Funds LLC raised its stake in Univest Financial Co. (NASDAQ:UVSP) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,430 shares of the financial services provider’s stock after acquiring an additional 4,739 shares during the period. Empowered Funds LLC owned approximately 0.34% of Univest Financial worth $2,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UVSP. Janney Montgomery Scott LLC boosted its position in Univest Financial by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider’s stock worth $730,000 after buying an additional 488 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Univest Financial during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC grew its holdings in Univest Financial by 2,713.5% in the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,411 shares during the period. CWM LLC increased its position in Univest Financial by 66.1% in the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock valued at $174,000 after buying an additional 2,465 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Univest Financial in the third quarter worth approximately $79,000. Institutional investors own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Univest Financial Price Performance

UVSP opened at $31.23 on Friday. The firm’s fifty day moving average price is $30.17 and its two-hundred day moving average price is $28.99. The company has a market capitalization of $906.92 million, a price-to-earnings ratio of 12.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. Univest Financial Co. has a 1 year low of $18.41 and a 1 year high of $32.75.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a yield of 2.69%. Univest Financial’s dividend payout ratio (DPR) is currently 32.43%.

About Univest Financial

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.