Jeffrey M. Schweitzer Sells 1,200 Shares of Univest Financial Co. (NASDAQ:UVSP) Stock

Univest Financial Co. (NASDAQ:UVSP) CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total transaction of $34,200.00. Following the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Univest Financial Price Performance

Shares of UVSP stock opened at $27.90 on Friday. Univest Financial Co. has a 12-month low of $16.10 and a 12-month high of $29.49. The firm has a market capitalization of $816.69 million, a price-to-earnings ratio of 11.67 and a beta of 0.86. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $26.16 and a 200-day moving average of $22.64.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $120.81 million during the quarter, compared to analyst estimates of $72.50 million. During the same quarter in the previous year, the business earned $0.61 EPS. On average, equities research analysts forecast that Univest Financial Co. will post 2.21 earnings per share for the current year.

Univest Financial Dividend Announcement

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 $0.21 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.84 annualized dividend and a yield of 3.01%. Univest Financial’s dividend payout ratio is currently 35.15%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UVSP. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a report on Friday, July 26th. Piper Sandler lifted their target price on shares of Univest Financial from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, July 26th.

Institutional Investors Weigh In On Univest Financial

Institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in Univest Financial in the 2nd quarter valued at $28,000. Parallel Advisors LLC lifted its position in Univest Financial by 307.7% in the 4th quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,714 shares in the last quarter. CWM LLC lifted its position in Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,538 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Univest Financial by 95.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,094 shares in the last quarter. Finally, Comerica Bank lifted its position in Univest Financial by 11,533.8% in the 1st 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. 75.07% of the stock is owned by institutional investors.

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.