Victory Capital Management Inc. Cuts Stock Position in Univest Financial Co. (NASDAQ:UVSP)

Victory Capital Management Inc. trimmed its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,500 shares of the financial services provider’s stock after selling 2,500 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Univest Financial worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Univest Financial during the third quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Univest Financial during the 2nd quarter valued at $28,000. International Assets Investment Management LLC boosted its position in shares of Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,411 shares in the last quarter. CWM LLC grew its stake in Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,538 shares during the last quarter. Finally, Comerica Bank increased its position in Univest Financial by 11,533.8% during the 1st 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.

Univest Financial Trading Up 0.2 %

NASDAQ:UVSP opened at $31.98 on Friday. The company has a market capitalization of $928.55 million, a P/E ratio of 12.84 and a beta of 0.85. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $28.88 and a 200-day simple moving average of $26.17. Univest Financial Co. has a 12 month low of $18.17 and a 12 month high of $32.75.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share 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 for the quarter, compared to the consensus estimate of $74.11 million. During the same quarter in the previous year, the business earned $0.58 EPS. On average, equities research analysts anticipate that Univest Financial Co. will post 2.35 earnings per share for the current year.

Univest Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Wednesday, November 6th. Univest Financial’s dividend payout ratio is presently 33.73%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, October 25th.

Insider Buying and Selling at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial stock in a transaction dated 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 trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael S. Keim sold 3,633 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total value of $104,485.08. Following the completion of the sale, the chief operating officer now owns 55,679 shares in the company, valued at $1,601,328.04. The trade was a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,374 shares of company stock worth $297,699. Company insiders own 2.09% 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.