American Century Companies Inc. Buys 83,599 Shares of Univest Financial Co. (NASDAQ:UVSP)

American Century Companies Inc. raised its stake in Univest Financial Co. (NASDAQ:UVSP) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,089 shares of the financial services provider’s stock after acquiring an additional 83,599 shares during the period. American Century Companies Inc. owned about 1.65% of Univest Financial worth $11,006,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Univest Financial in the second quarter valued at $28,000. Parallel Advisors LLC increased its stake 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 buying an additional 1,714 shares in the last quarter. CWM LLC increased its stake in shares of 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 buying an additional 2,538 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 buying an additional 2,094 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of 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 buying an additional 8,535 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UVSP has been the subject of several research reports. Piper Sandler raised their price objective on shares of Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods reaffirmed 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.

Univest Financial Trading Down 2.5 %

Shares of NASDAQ UVSP opened at $28.47 on Monday. Univest Financial Co. has a 1-year low of $16.10 and a 1-year high of $29.49. The company has a market cap of $833.37 million, a PE ratio of 11.91 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. The company has a 50-day moving average of $27.26 and a two-hundred day moving average of $23.29.

Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share 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 during the quarter, compared to the consensus estimate of $72.50 million. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts expect that Univest Financial Co. will post 2.31 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s dividend payout ratio (DPR) is 35.15%.

Insider Buying and Selling

In related news, 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 transaction of $104,485.08. Following the completion of the sale, the chief operating officer now directly owns 55,679 shares of the company’s stock, valued at $1,601,328.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Jeffrey M. Schweitzer sold 4,541 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $28.75, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders sold a total of 14,389 shares of company stock valued at $412,352 over the last ninety days. Insiders own 2.10% of the company’s stock.

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.