Campbell & CO Investment Adviser LLC Takes Position in Univest Financial Corp (NASDAQ:UVSP)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Univest Financial Corp (NASDAQ:UVSP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,790 shares of the financial services provider’s stock, valued at approximately $403,000. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Univest Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of 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 worth $29,476,000 after acquiring an additional 59,800 shares during the last quarter. Wells Fargo & Company MN increased its position in Univest Financial by 75.8% during the 2nd 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. Northern Trust Corp increased its position in Univest Financial by 2.4% during the 2nd quarter. Northern Trust Corp now owns 428,099 shares of the financial services provider’s stock valued at $11,242,000 after purchasing an additional 10,200 shares during the period. Nuveen Asset Management LLC acquired a new stake in Univest Financial during the 2nd quarter valued at approximately $8,492,000. Finally, Charles Schwab Investment Management Inc. increased its position in Univest Financial by 2.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 171,709 shares of the financial services provider’s stock valued at $4,510,000 after purchasing an additional 3,838 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ UVSP traded down $0.22 during mid-day trading on Friday, hitting $26.04. The company’s stock had a trading volume of 103,800 shares, compared to its average volume of 100,495. The company’s 50 day simple moving average is $25.40 and its 200 day simple moving average is $25.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Univest Financial Corp has a twelve month low of $20.18 and a twelve month high of $27.80. The firm has a market capitalization of $773.35 million, a price-to-earnings ratio of 12.89 and a beta of 0.78.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Univest Financial had a return on equity of 10.41% and a net margin of 24.88%. The firm had revenue of $59.24 million for the quarter.

A number of research firms have weighed in on UVSP. BidaskClub raised shares of Univest Financial from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. ValuEngine raised shares of Univest Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised shares of Univest Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st.

About Univest Financial

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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