Wealth Enhancement Advisory Services LLC Makes New Investment in Univest Financial Co. (NASDAQ:UVSP)

Wealth Enhancement Advisory Services LLC acquired a new stake in Univest Financial Co. (NASDAQ:UVSP) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,508 shares of the financial services provider’s stock, valued at approximately $239,000.

Other large investors also recently modified their holdings of the company. Leeward Investments LLC MA increased its stake in shares of Univest Financial by 5.6% during the second quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock worth $9,245,000 after purchasing an additional 21,550 shares during the period. Sei Investments Co. lifted its holdings in shares of Univest Financial by 28.3% during the first quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider’s stock worth $2,478,000 after buying an additional 26,234 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Univest Financial in the first quarter valued at about $465,000. International Assets Investment Management LLC grew its stake in shares of Univest Financial by 2,713.5% in the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Univest Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 82,701 shares of the financial services provider’s stock worth $1,722,000 after acquiring an additional 6,125 shares during the period. 75.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial 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 transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total transaction of $34,200.00. Following the completion of the transaction, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,570,329.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael S. Keim sold 3,633 shares of the company’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 sale, the chief operating officer now owns 55,679 shares in the company, valued at $1,601,328.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,389 shares of company stock valued at $412,352. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Univest Financial Price Performance

Shares of UVSP opened at $31.76 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $922.31 million, a PE ratio of 12.76 and a beta of 0.85. Univest Financial Co. has a 12-month low of $17.34 and a 12-month high of $32.24. The business has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $25.42.

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

Univest Financial Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.64%. Univest Financial’s dividend payout ratio (DPR) is currently 33.73%.

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.