SG Americas Securities LLC Acquires Shares of 10,262 Univest Financial Co. (NASDAQ:UVSP)

SG Americas Securities LLC acquired a new stake in Univest Financial Co. (NASDAQ:UVSP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,262 shares of the financial services provider’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Leeward Investments LLC MA increased its position in Univest Financial by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock valued at $9,245,000 after acquiring an additional 21,550 shares in the last quarter. Sei Investments Co. increased its position in Univest Financial by 28.3% in the 1st quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider’s stock valued at $2,478,000 after acquiring an additional 26,234 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Univest Financial in the 1st quarter valued at about $465,000. Empowered Funds LLC boosted its stake in shares of Univest Financial by 8.0% in the 1st quarter. Empowered Funds LLC now owns 82,701 shares of the financial services provider’s stock valued at $1,722,000 after purchasing an additional 6,125 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Univest Financial by 21.9% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Financial Stock Down 1.7 %

Shares of NASDAQ UVSP opened at $28.12 on Monday. The firm’s 50-day moving average is $27.51 and its 200-day moving average is $24.35. Univest Financial Co. has a 1 year low of $16.10 and a 1 year high of $29.49. The firm has a market capitalization of $820.26 million, a PE ratio of 11.52 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.

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 business had revenue of $120.81 million for the quarter, compared to analyst estimates of $72.50 million. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts expect that Univest Financial Co. will post 2.31 EPS for the current year.

Univest Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s payout ratio is 34.43%.

Insider Buying and Selling

In related news, COO Michael S. Keim sold 3,633 shares of Univest Financial 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 $1,601,328.04. This trade 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 link. In related news, COO Michael S. Keim sold 3,633 shares of Univest Financial 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 $1,601,328.04. This trade 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 link. Also, 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 completion of the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at approximately $2,570,329.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,389 shares of company stock valued at $412,352 in the last 90 days. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.