International Assets Investment Management LLC Buys 1,411 Shares of Univest Financial Co. (NASDAQ:UVSP)

International Assets Investment Management LLC grew its stake in Univest Financial Co. (NASDAQ:UVSP) by 2,713.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,463 shares of the financial services provider’s stock after acquiring an additional 1,411 shares during the quarter. International Assets Investment Management LLC’s holdings in Univest Financial were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UVSP. BNP Paribas Financial Markets lifted its stake in shares of Univest Financial by 10.7% in the first quarter. BNP Paribas Financial Markets now owns 19,713 shares of the financial services provider’s stock worth $410,000 after buying an additional 1,909 shares in the last quarter. Empowered Funds LLC boosted its stake in Univest Financial by 8.0% during the 1st quarter. Empowered Funds LLC now owns 82,701 shares of the financial services provider’s stock valued at $1,722,000 after purchasing an additional 6,125 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Univest Financial by 28.3% in the 1st quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider’s stock worth $2,478,000 after purchasing an additional 26,234 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Univest Financial in the first quarter worth $465,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Univest Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,571,213 shares of the financial services provider’s stock valued at $32,713,000 after purchasing an additional 19,307 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on UVSP shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler raised their target price on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Insider Buying and Selling at Univest Financial

In other news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the firm’s stock in a transaction on 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 directly owns 90,187 shares in the company, valued at $2,575,740.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,570,329.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of Univest Financial stock in a transaction that occurred on 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 in the company, valued at approximately $2,575,740.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,389 shares of company stock valued at $412,352 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Univest Financial Trading Up 1.2 %

Shares of Univest Financial stock opened at $30.84 on Friday. Univest Financial Co. has a 1-year low of $17.27 and a 1-year high of $32.24. The company’s fifty day simple moving average is $27.99 and its 200-day simple moving average is $25.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $895.59 million, a PE ratio of 12.39 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. The business had revenue of $126.59 million during the quarter, compared to analyst estimates of $74.11 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, equities analysts anticipate that Univest Financial Co. will post 2.35 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, November 6th. Univest Financial’s payout ratio is 33.73%.

Univest Financial 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.