Jeffrey M. Schweitzer Sells 4,541 Shares of Univest Financial Co. (NASDAQ:UVSP) Stock

Univest Financial Co. (NASDAQ:UVSP) CEO Jeffrey M. Schweitzer sold 4,541 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $28.75, for a total transaction of $130,553.75. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,592,876.25. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Univest Financial Stock Performance

Shares of UVSP stock opened at $28.47 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 firm has a market cap of $830.47 million, a price-to-earnings ratio of 11.91 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. The firm’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $23.26.

Univest Financial (NASDAQ:UVSP) last posted 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 net margin of 14.91% and a return on equity of 8.23%. The company had revenue of $120.81 million for the quarter, compared to analysts’ expectations of $72.50 million. During the same quarter in the previous year, the firm posted $0.61 EPS. As a group, equities analysts forecast that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.21 per share. 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 2.95%. Univest Financial’s dividend payout ratio is presently 35.15%.

Institutional Investors Weigh In On Univest Financial

Several large investors have recently added to or reduced their stakes in UVSP. Innealta Capital LLC purchased a new stake in Univest Financial during the second quarter valued at about $28,000. Parallel Advisors LLC raised its position 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 valued at $50,000 after purchasing an additional 1,714 shares during the period. CWM LLC lifted its stake in shares of Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,538 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 boosted its holdings in Univest Financial by 11,533.8% in the 1st quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock worth $179,000 after buying an additional 8,535 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Univest Financial from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 price target (up from $23.00) on shares of Univest Financial in a report 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.