Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim Sells 3,633 Shares

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 3,633 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $28.76, for a total value of $104,485.08. Following the transaction, the chief operating officer now owns 55,679 shares of the company’s stock, valued at approximately $1,601,328.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Univest Financial Stock Up 1.8 %

Shares of UVSP stock traded up $0.51 during trading hours on Thursday, reaching $28.88. 27,422 shares of the company’s stock were exchanged, compared to its average volume of 103,004. The stock’s 50 day moving average is $27.08 and its 200-day moving average is $23.15. The company has a market cap of $842.43 million, a price-to-earnings ratio of 12.08 and a beta of 0.85. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. Univest Financial Co. has a fifty-two week low of $16.10 and a fifty-two week high of $29.49.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $120.81 million for the quarter, compared to the consensus estimate of $72.50 million. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same period in the prior year, the firm posted $0.61 earnings per share. Analysts predict that Univest Financial Co. will post 2.31 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, August 7th. Univest Financial’s payout ratio is 35.15%.

Hedge Funds Weigh In On Univest Financial

Several hedge funds have recently made changes to their positions in UVSP. Innealta Capital LLC acquired a new position in shares of Univest Financial in the 2nd quarter valued at $28,000. Parallel Advisors LLC increased its position in shares of Univest Financial by 307.7% in the 4th quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,714 shares during the period. CWM LLC boosted its holdings in Univest Financial by 212.7% in 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. boosted its holdings in Univest Financial by 95.7% in 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 last quarter. 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 valued at $179,000 after purchasing an additional 8,535 shares during the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UVSP has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $29.00 price target (up previously from $23.00) on shares of Univest Financial in a report on Friday, July 26th. Piper Sandler boosted their price target on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, July 26th.

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.