Univest Financial Corp (UVSP) Shares Sold by First Manhattan Co.

First Manhattan Co. lowered its holdings in shares of Univest Financial Corp (NASDAQ:UVSP) by 12.5% during the first quarter, HoldingsChannel reports. The firm owned 53,742 shares of the financial services provider’s stock after selling 7,679 shares during the period. First Manhattan Co.’s holdings in Univest Financial were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Virginia Retirement Systems ET AL raised its holdings in shares of 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 valued at $347,000 after purchasing an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Univest Financial by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 200,282 shares of the financial services provider’s stock valued at $4,320,000 after purchasing an additional 2,211 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Univest Financial by 4.9% during the 3rd quarter. Teachers Advisors LLC now owns 55,460 shares of the financial services provider’s stock valued at $1,467,000 after purchasing an additional 2,586 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of 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 valued at $200,000 after purchasing an additional 3,490 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Univest Financial by 7.4% during the 3rd quarter. Prudential Financial Inc. now owns 54,918 shares of the financial services provider’s stock valued at $1,452,000 after purchasing an additional 3,807 shares in the last quarter. Institutional investors and hedge funds own 66.12% of the company’s stock.

Shares of UVSP opened at $25.27 on Wednesday. The firm 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 one year low of $20.18 and a one year high of $30.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.

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

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

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

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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.

Read More: Return on Investment (ROI)

Want to see what other hedge funds are holding UVSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Univest Financial Corp (NASDAQ:UVSP).

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

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