Univest Financial Co. (NASDAQ:UVSP) Shares Purchased by Creative Planning

Creative Planning grew its holdings in shares of Univest Financial Co. (NASDAQ:UVSP) by 21.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,220 shares of the financial services provider’s stock after acquiring an additional 7,232 shares during the period. Creative Planning owned about 0.14% of Univest Financial worth $918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Innealta Capital LLC purchased a new stake in Univest Financial during the 2nd quarter worth approximately $28,000. CWM LLC grew its position in shares of Univest Financial by 212.7% during the second 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 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 worth $94,000 after buying an additional 2,094 shares during the last quarter. Comerica Bank raised its holdings in 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 acquiring an additional 8,535 shares in the last quarter. Finally, Bernardo Wealth Planning LLC bought a new position in Univest Financial during the 1st quarter valued at $260,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UVSP has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler boosted their price objective on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, July 26th.

Univest Financial Stock Up 3.4 %

UVSP stock opened at $27.91 on Friday. The firm has a market cap of $814.13 million, a price-to-earnings ratio of 11.44 and a beta of 0.85. Univest Financial Co. has a 1-year low of $16.10 and a 1-year high of $29.49. The firm has a fifty day moving average price of $27.24 and a two-hundred day moving average price of $24.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.01.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. The firm had revenue of $120.81 million for the quarter, compared to analyst estimates of $72.50 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Research analysts predict that Univest Financial Co. will post 2.31 EPS for the current year.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 dividend on an annualized basis and a yield of 3.01%. Univest Financial’s dividend payout ratio is currently 34.43%.

Insider Buying and Selling

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total value of $34,200.00. Following the sale, the chief executive officer now directly owns 90,187 shares in the company, valued at approximately $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Michael S. Keim sold 3,633 shares of the business’s 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 transaction, the chief operating officer now directly owns 55,679 shares in the company, valued at approximately $1,601,328.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,389 shares of company stock worth $412,352 in the last three months. 2.10% of the stock is owned by insiders.

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.