Univest Financial Co. (NASDAQ:UVSP) is UNIVEST FINANCIAL Corp’s 9th Largest Position

UNIVEST FINANCIAL Corp cut its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 0.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 404,209 shares of the financial services provider’s stock after selling 1,282 shares during the quarter. Univest Financial comprises approximately 2.6% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 9th largest holding. UNIVEST FINANCIAL Corp’s holdings in Univest Financial were worth $9,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Univest Financial during the 2nd quarter valued at about $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 period. CWM LLC raised its holdings in shares of Univest Financial by 212.7% during the second quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 2,538 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Univest Financial by 95.7% during 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 purchasing an additional 2,094 shares during the period. Finally, Comerica Bank boosted its holdings in Univest Financial by 11,533.8% in the first quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 8,535 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors.

Univest Financial Stock Performance

NASDAQ:UVSP opened at $27.45 on Friday. 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 50-day simple moving average of $26.25 and a two-hundred day simple 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. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $29.49.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share (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 company had revenue of $120.81 million during the quarter, compared to the consensus estimate of $72.50 million. During the same period in the previous year, the company posted $0.61 EPS. Analysts forecast that Univest Financial Co. will post 2.21 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid 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 (DPR) is presently 35.15%.

Analyst Upgrades and Downgrades

UVSP has been the subject of several research analyst 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 report on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed 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.

Insider Activity

In related news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $28.56, for a total value of $79,196.88. Following the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,575,740.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total transaction of $34,200.00. Following the transaction, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,570,329.50. The disclosure for this sale can be found here. Insiders have sold 6,215 shares of company stock worth $177,313 in the last three months. Company insiders own 2.10% 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.