Jeffrey M. Schweitzer Sells 547 Shares of Univest Financial Co. (NASDAQ:UVSP) Stock

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

Univest Financial Stock Performance

Shares of Univest Financial stock opened at $27.45 on Friday. Univest Financial Co. has a 52 week low of $16.10 and a 52 week 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 stock has a market capitalization of $800.72 million, a price-to-earnings ratio of 11.49 and a beta of 0.85. The firm has a fifty day moving average of $26.25 and a two-hundred day moving average of $22.69.

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 analysts’ consensus estimates of $0.51 by $0.10. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. The business had revenue of $120.81 million during the quarter, compared to the consensus estimate of $72.50 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, equities research analysts predict that Univest Financial Co. will post 2.21 EPS for the current year.

Univest Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given 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 dividend payout ratio is 35.15%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ariadne Wealth Management LP bought a new stake in Univest Financial in the second quarter valued at approximately $231,000. Creative Planning grew its holdings in shares of Univest Financial by 21.9% in the 2nd 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 period. The Manufacturers Life Insurance Company increased its position in shares of Univest Financial by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider’s stock valued at $27,632,000 after buying an additional 12,401 shares in the last quarter. Sei Investments Co. increased its position in shares of 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 in the last quarter. Finally, American Century Companies Inc. raised 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 worth $11,006,000 after buying an additional 83,599 shares during the period. Institutional investors own 75.07% of the company’s stock.

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.