Insider Selling: Univest Financial Co. (NASDAQ:UVSP) CEO Sells $130,553.75 in Stock

Univest Financial Co. (NASDAQ:UVSP) CEO Jeffrey M. Schweitzer sold 4,541 shares of Univest Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $28.75, for a total value of $130,553.75. Following the sale, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,592,876.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Univest Financial Stock Down 2.5 %

Shares of UVSP stock opened at $28.47 on Friday. The stock’s 50 day simple moving average is $27.26 and its 200 day simple moving average is $23.27. Univest Financial Co. has a twelve month low of $16.10 and a twelve month high of $29.49. 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 company has a market capitalization of $833.37 million, a price-to-earnings ratio of 11.91 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $120.81 million for 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 firm posted $0.61 earnings per share. As a group, research analysts predict that Univest Financial Co. will post 2.31 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders 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 yield of 2.95%. The ex-dividend date was Wednesday, August 7th. Univest Financial’s dividend payout ratio (DPR) is 35.15%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UVSP. Piper Sandler lifted their target price on shares of Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price objective (up previously from $23.00) on shares of Univest Financial in a research note on Friday, July 26th.

Hedge Funds Weigh In On Univest Financial

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

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.