Univest Financial Co. (NASDAQ:UVSP) CEO Sells $15,605.91 in Stock

Univest Financial Co. (NASDAQ:UVSP) CEO Jeffrey M. Schweitzer sold 547 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $28.53, for a total transaction of $15,605.91. Following the completion of the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at $2,573,035.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Univest Financial Stock Performance

UVSP opened at $27.45 on Friday. The company has a market cap of $800.72 million, a PE ratio of 11.49 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a 50-day moving average of $26.25 and a 200-day moving average of $22.69. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $29.49.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. The business had revenue of $120.81 million during the quarter, compared to analysts’ expectations of $72.50 million. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, equities research analysts forecast that Univest Financial Co. will post 2.21 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.06%. Univest Financial’s payout ratio is presently 35.15%.

Analyst Ratings Changes

Several brokerages have weighed in on UVSP. Piper Sandler upped their target price on Univest Financial from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 price objective (up previously from $23.00) on shares of Univest Financial in a report on Friday, July 26th.

Institutional Investors Weigh In On Univest Financial

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in Univest Financial in the 2nd quarter worth $28,000. Parallel Advisors LLC raised its holdings in shares of Univest Financial by 307.7% in the 4th quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,714 shares in the last quarter. CWM LLC lifted its position in shares of Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,538 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Univest Financial by 95.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock worth $94,000 after buying an additional 2,094 shares during the period. Finally, Comerica Bank boosted its position in Univest Financial by 11,533.8% in the first quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock valued at $179,000 after buying an additional 8,535 shares in the last quarter. 75.07% of the stock is owned by institutional investors.

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.