Univest Financial Co. (NASDAQ:UVSP) COO Sells $11,416.00 in Stock

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 400 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $28.54, for a total transaction of $11,416.00. Following the completion of the sale, the chief operating officer now owns 55,679 shares in the company, valued at $1,589,078.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Univest Financial Price Performance

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

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $120.81 million during the quarter, compared to analyst estimates of $72.50 million. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that Univest Financial Co. will post 2.21 earnings per share for the current year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.06%. The ex-dividend date was Wednesday, August 7th. Univest Financial’s payout ratio is 35.15%.

Institutional Investors Weigh In On Univest Financial

A number of institutional investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of Univest Financial in the second quarter worth approximately $28,000. Parallel Advisors LLC grew its position in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,714 shares in the last quarter. CWM LLC increased its stake in Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,538 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 valued at $94,000 after buying an additional 2,094 shares during the period. Finally, Comerica Bank grew its holdings in shares of Univest Financial by 11,533.8% during the 1st quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 8,535 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UVSP has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of 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 reissued a “market perform” rating and set a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th.

About Univest Financial

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.