Univest Financial Co. (NASDAQ:UVSP) Holdings Cut by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp reduced its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,209 shares of the financial services provider’s stock after selling 1,282 shares during the period. Univest Financial makes up 2.6% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 9th biggest holding. UNIVEST FINANCIAL Corp owned about 1.39% of Univest Financial worth $9,228,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Univest Financial during the second quarter worth about $28,000. Parallel Advisors LLC lifted its position in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,714 shares during the last quarter. CWM LLC grew its stake in Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,538 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 buying an additional 2,094 shares in the last quarter. Finally, Comerica Bank increased its stake 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 valued at $179,000 after acquiring an additional 8,535 shares during the last quarter. Institutional investors own 75.07% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $28.56, for a total transaction of $79,196.88. Following the sale, 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 at this hyperlink. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $28.56, for a total value of $79,196.88. Following the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,575,740.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $34,200.00. Following the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,570,329.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,215 shares of company stock worth $177,313. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UVSP has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 price objective (up from $23.00) on shares of Univest Financial in a report on Friday, July 26th. Piper Sandler lifted 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 Stock Down 1.6 %

UVSP opened at $27.45 on Friday. Univest Financial Co. has a 12 month low of $16.10 and a 12 month high of $29.49. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $26.25 and its 200-day moving average price is $22.69. The company has a market cap of $800.72 million, a P/E ratio of 11.49 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $72.50 million. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities analysts expect that Univest Financial Co. will post 2.21 EPS for the current year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s payout ratio is 35.15%.

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.