Univest Financial Corp (UVSP) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Univest Financial Corp (NASDAQ:UVSP) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,282 shares of the financial services provider’s stock after buying an additional 2,211 shares during the period. Bank of New York Mellon Corp’s holdings in Univest Financial were worth $4,320,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UVSP. Acadian Asset Management LLC bought a new position in Univest Financial during the 4th quarter worth approximately $123,000. Bank of Montreal Can lifted its holdings in Univest Financial by 557.2% during the 4th quarter. Bank of Montreal Can now owns 8,255 shares of the financial services provider’s stock worth $178,000 after buying an additional 6,999 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Univest Financial by 60.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 9,287 shares of the financial services provider’s stock worth $200,000 after buying an additional 3,490 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Univest Financial during the 4th quarter worth approximately $304,000. Finally, Virginia Retirement Systems ET AL lifted its holdings in Univest Financial by 9.5% during the 4th quarter. Virginia Retirement Systems ET AL now owns 16,100 shares of the financial services provider’s stock worth $347,000 after buying an additional 1,400 shares during the last quarter. 66.12% of the stock is currently owned by institutional investors.

A number of research analysts have commented on UVSP shares. ValuEngine raised Univest Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. BidaskClub raised Univest Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research downgraded Univest Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd.

Shares of NASDAQ UVSP opened at $25.27 on Wednesday. The company has a market capitalization of $749.52 million, a P/E ratio of 12.51 and a beta of 0.74. Univest Financial Corp has a 12-month low of $20.18 and a 12-month high of $30.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $55.79 million for the quarter, compared to the consensus estimate of $55.10 million. Univest Financial had a return on equity of 9.65% and a net margin of 20.16%. On average, research analysts forecast that Univest Financial Corp will post 2.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Wednesday, March 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Tuesday, March 12th. Univest Financial’s dividend payout ratio (DPR) is 39.60%.

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Univest Financial Company 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.

Further Reading: The Discount Rate – What You Need to Know

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

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