Univest Financial Co. (NASDAQ:UVSP) CEO Sells $202,950.00 in Stock

Univest Financial Co. (NASDAQ:UVSP) CEO Jeffrey M. Schweitzer sold 9,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $22.55, for a total value of $202,950.00. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,033,716.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Univest Financial Price Performance

UVSP stock opened at $22.73 on Thursday. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $23.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The stock has a market cap of $665.31 million, a price-to-earnings ratio of 9.51 and a beta of 0.87. The business has a fifty day moving average of $20.39 and a two-hundred day moving average of $20.15.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.12. Univest Financial had a return on equity of 8.35% and a net margin of 14.98%. The firm had revenue of $77.06 million during the quarter, compared to the consensus estimate of $71.40 million. As a group, research analysts anticipate that Univest Financial Co. will post 2.11 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.70%. Univest Financial’s payout ratio is presently 35.15%.

Institutional Investors Weigh In On Univest Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Univest Financial by 2,103.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,094 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Univest Financial by 1,787.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,162 shares during the period. Quantbot Technologies LP grew its holdings in shares of Univest Financial by 1,029.9% in the third quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Parallel Advisors LLC increased its stake 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 buying an additional 1,714 shares during the period. Finally, Signaturefd LLC lifted its holdings in Univest Financial by 212.8% during the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,941 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UVSP shares. Piper Sandler upped their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $23.00 price objective (up from $22.00) on shares of Univest Financial in a research report on Friday, April 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.