Univest Financial Co. (NASDAQ:UVSP) COO Sells $104,485.08 in Stock

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 3,633 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $28.76, for a total transaction of $104,485.08. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink.

Univest Financial Stock Performance

Shares of NASDAQ:UVSP opened at $28.47 on Friday. The business has a 50-day moving average of $27.26 and a two-hundred day moving average of $23.27. The firm has a market capitalization of $833.37 million, a PE ratio of 11.91 and a beta of 0.85. 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 Co. has a 12 month low of $16.10 and a 12 month high of $29.49.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share (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 the consensus estimate 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 in the prior year, the company earned $0.61 EPS. As a group, research analysts forecast that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.95%. Univest Financial’s payout ratio is 35.15%.

Institutional Trading of Univest Financial

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Univest Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider’s stock worth $6,682,000 after purchasing an additional 2,784 shares in the last quarter. Parallel Advisors LLC lifted its position in Univest Financial by 307.7% during the 4th 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Univest Financial by 8.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock worth $26,390,000 after acquiring an additional 98,009 shares during the period. PNC Financial Services Group Inc. grew its position in Univest Financial by 95.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,094 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Univest Financial by 10.7% during the first quarter. BNP Paribas Financial Markets now owns 19,713 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 1,909 shares during the period. 75.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.