Cwm LLC Has $174,000 Holdings in Univest Financial Co. (NASDAQ:UVSP)

Cwm LLC increased its holdings in Univest Financial Co. (NASDAQ:UVSP) by 66.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,196 shares of the financial services provider’s stock after purchasing an additional 2,465 shares during the period. Cwm LLC’s holdings in Univest Financial were worth $174,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UVSP. American Century Companies Inc. boosted its stake in shares of Univest Financial by 21.0% during the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock worth $11,006,000 after acquiring an additional 83,599 shares in the last quarter. Sei Investments Co. boosted its position in 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 purchasing an additional 26,234 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in Univest Financial during the first quarter valued at approximately $465,000. Leeward Investments LLC MA raised its position in shares of Univest Financial by 5.6% in the second quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock valued at $9,245,000 after purchasing an additional 21,550 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Univest Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,571,213 shares of the financial services provider’s stock valued at $32,713,000 after purchasing an additional 19,307 shares during the period. 75.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Univest Financial

In other news, CEO Jeffrey M. Schweitzer sold 2,773 shares of Univest Financial stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $28.56, for a total transaction of $79,196.88. Following the sale, the chief executive officer now owns 90,187 shares of the company’s stock, valued at approximately $2,575,740.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction dated 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 owns 90,187 shares in the company, valued at $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of Univest Financial stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $28.56, for a total value of $79,196.88. Following the sale, the chief executive officer now directly owns 90,187 shares in the company, valued at $2,575,740.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,389 shares of company stock worth $412,352 over the last three months. Company insiders own 2.10% of the company’s stock.

Univest Financial Trading Down 0.4 %

Shares of UVSP stock opened at $27.25 on Thursday. The firm has a market capitalization of $794.88 million, a P/E ratio of 11.17 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’s fifty day simple moving average is $27.62 and its 200 day simple moving average is $24.48. 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 announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating 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 business had revenue of $120.81 million during 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. As a group, sell-side analysts predict that Univest Financial Co. will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UVSP. Keefe, Bruyette & Woods reiterated 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. Piper Sandler raised their price target on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, July 26th.

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.