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

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

Univest Financial Price Performance

Shares of Univest Financial stock opened at $29.19 on Friday. 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 firm has a market capitalization of $851.47 million, a PE ratio of 12.21 and a beta of 0.85. The business’s 50-day moving average price is $27.18 and its 200-day moving average price is $23.20. Univest Financial Co. has a 12 month low of $16.10 and a 12 month high of $29.49.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The firm had revenue of $120.81 million for the quarter, compared to analyst estimates 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 company earned $0.61 EPS. Sell-side analysts forecast that Univest Financial Co. will post 2.31 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently disclosed 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 was Wednesday, August 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. Univest Financial’s dividend payout ratio (DPR) is presently 35.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 target price (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th. Piper Sandler upped 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.

Hedge Funds Weigh In On Univest Financial

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Univest Financial by 8.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock valued at $26,390,000 after purchasing an additional 98,009 shares during the period. American Century Companies Inc. grew its holdings in shares of Univest Financial by 21.0% in the second quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock worth $11,006,000 after acquiring an additional 83,599 shares during the period. Sei Investments Co. grew its holdings in shares of Univest Financial by 28.3% in the first quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider’s stock worth $2,478,000 after acquiring an additional 26,234 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Univest Financial in the first quarter worth $465,000. Finally, Leeward Investments LLC MA grew its holdings in shares of Univest Financial by 5.6% in the second quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock worth $9,245,000 after acquiring an additional 21,550 shares during the period. 75.07% of the stock is currently owned by institutional investors.

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.