Univest Financial Co. (NASDAQ:UVSP) Holdings Cut by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. trimmed its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,084 shares of the financial services provider’s stock after selling 31,105 shares during the quarter. Univest Financial makes up about 2.3% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Endeavour Capital Advisors Inc. owned approximately 0.83% of Univest Financial worth $7,144,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in shares of Univest Financial in the 4th quarter valued at $290,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Univest Financial by 1.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 239,059 shares of the financial services provider’s stock worth $7,055,000 after buying an additional 3,769 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Univest Financial by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 139,102 shares of the financial services provider’s stock worth $4,105,000 after acquiring an additional 35,571 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Univest Financial by 23.0% during the 4th quarter. Prudential Financial Inc. now owns 173,024 shares of the financial services provider’s stock valued at $5,106,000 after acquiring an additional 32,400 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Univest Financial in the 4th quarter valued at approximately $511,000. 75.07% of the stock is owned by institutional investors.

Insider Activity at Univest Financial

In related news, Director Anne Vazquez acquired 1,250 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the acquisition, the director now owns 6,250 shares in the company, valued at $178,937.50. This trade represents a 25.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of Univest Financial in a research report on Thursday, January 23rd.

Univest Financial Trading Up 1.3 %

Shares of NASDAQ:UVSP opened at $28.73 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day moving average is $29.78 and its 200-day moving average is $29.53. The company has a market cap of $833.23 million, a P/E ratio of 11.09 and a beta of 0.89. Univest Financial Co. has a 52-week low of $18.41 and a 52-week high of $32.75.

Univest Financial (NASDAQ:UVSP) last released its earnings results 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 return on equity of 8.51% and a net margin of 15.17%. Equities research analysts predict that Univest Financial Co. will post 2.36 earnings per share for the current year.

Univest Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, February 5th. Univest Financial’s dividend payout ratio (DPR) is currently 32.43%.

Univest Financial Company 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.