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 Univest Financial stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the completion of the sale, the chief operating officer now owns 55,679 shares of the company’s stock, valued at $1,601,328.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Univest Financial Stock Up 2.9 %

NASDAQ UVSP opened at $29.19 on Friday. Univest Financial Co. has a 52 week low of $16.10 and a 52 week high of $29.49. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $851.47 million, a P/E ratio of 12.21 and a beta of 0.85. The stock’s 50-day moving average price is $27.18 and its 200-day moving average price is $23.20.

Univest Financial (NASDAQ:UVSP) last released its 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 last year, the business earned $0.61 EPS. On average, equities research analysts predict that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s dividend payout ratio (DPR) is currently 35.15%.

Hedge Funds Weigh In On Univest Financial

Several hedge funds have recently modified their holdings of the stock. Ariadne Wealth Management LP bought a new stake in Univest Financial in the 2nd quarter valued at $231,000. Creative Planning grew its position in shares of Univest Financial by 21.9% during the second quarter. Creative Planning now owns 40,220 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 7,232 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Univest Financial by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider’s stock worth $27,632,000 after purchasing an additional 12,401 shares during the last quarter. Sei Investments Co. lifted its position in shares of Univest Financial by 19.0% in the second quarter. Sei Investments Co. now owns 141,638 shares of the financial services provider’s stock worth $3,233,000 after buying an additional 22,644 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Univest Financial by 21.0% during the second quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock valued at $11,006,000 after buying an additional 83,599 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UVSP shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 price target (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler upped their target price on shares of Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating 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.