Michael S. Keim Sells 3,633 Shares of Univest Financial Co. (NASDAQ:UVSP) Stock

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 3,633 shares of Univest Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the transaction, the chief operating officer now directly owns 55,679 shares of the company’s stock, valued at approximately $1,601,328.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Univest Financial Price Performance

UVSP stock opened at $28.47 on Friday. Univest Financial Co. has a 1 year low of $16.10 and a 1 year high of $29.49. The stock has a market capitalization of $830.47 million, a PE ratio of 11.91 and a beta of 0.85. The company’s 50-day moving average is $27.26 and its 200-day moving average is $23.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.01.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. The firm had revenue of $120.81 million during the quarter, compared to the consensus estimate of $72.50 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities research analysts expect that Univest Financial Co. will post 2.31 EPS 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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s dividend payout ratio is currently 35.15%.

Wall Street Analysts Forecast Growth

UVSP has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler boosted their price target on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, July 26th.

Institutional Investors Weigh In On Univest Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ariadne Wealth Management LP acquired a new position in Univest Financial during the 2nd quarter valued at about $231,000. Creative Planning boosted its position in shares of Univest Financial by 21.9% during the second quarter. Creative Planning now owns 40,220 shares of the financial services provider’s stock valued at $918,000 after buying an additional 7,232 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Univest Financial by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider’s stock worth $27,632,000 after buying an additional 12,401 shares in the last quarter. Sei Investments Co. raised its position in Univest Financial by 19.0% in the 2nd quarter. Sei Investments Co. now owns 141,638 shares of the financial services provider’s stock valued at $3,233,000 after buying an additional 22,644 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Univest Financial by 21.0% during the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock valued at $11,006,000 after acquiring an additional 83,599 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.