Thrivent Financial for Lutherans Reduces Stock Holdings in Univest Financial Co. (NASDAQ:UVSP)

Thrivent Financial for Lutherans lessened its stake in shares of Univest Financial Co. (NASDAQ:UVSP) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,786 shares of the financial services provider’s stock after selling 7,235 shares during the quarter. Thrivent Financial for Lutherans owned about 0.16% of Univest Financial worth $1,289,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Univest Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,571,213 shares of the financial services provider’s stock worth $32,713,000 after buying an additional 19,307 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Univest Financial by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider’s stock valued at $27,632,000 after acquiring an additional 12,401 shares during the period. American Century Companies Inc. raised its position in Univest Financial by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock valued at $11,006,000 after purchasing an additional 83,599 shares during the last quarter. Leeward Investments LLC MA boosted its stake in Univest Financial by 5.6% during the 2nd 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. Finally, Assenagon Asset Management S.A. grew its position in Univest Financial by 57.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 228,321 shares of the financial services provider’s stock worth $6,425,000 after purchasing an additional 83,312 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Univest Financial

In other news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 90,187 shares in the company, valued at $2,570,329.50. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael S. Keim sold 3,633 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the sale, the chief operating officer now directly owns 55,679 shares in the company, valued at approximately $1,601,328.04. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,374 shares of company stock valued at $297,699. Corporate insiders own 2.10% of the company’s stock.

Univest Financial Trading Down 0.7 %

NASDAQ:UVSP opened at $31.76 on Monday. Univest Financial Co. has a 12-month low of $18.41 and a 12-month high of $32.75. 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 stock’s 50 day simple moving average is $29.00 and its 200-day simple moving average is $26.33. The firm has a market cap of $922.31 million, a P/E ratio of 12.76 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP) last issued its 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 net margin of 14.90% and a return on equity of 8.24%. 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 firm earned $0.58 earnings per share. Equities analysts anticipate that Univest Financial Co. will post 2.35 EPS for the current year.

Univest Financial Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, November 6th. Univest Financial’s payout ratio is 33.73%.

About Univest Financial

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.