Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim Sells 400 Shares

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 400 shares of Univest Financial stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $28.54, for a total value of $11,416.00. Following the sale, the chief operating officer now directly owns 55,679 shares in the company, valued at approximately $1,589,078.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Univest Financial Trading Down 0.5 %

Shares of UVSP stock opened at $27.90 on Friday. 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 stock has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $22.64. Univest Financial Co. has a fifty-two week low of $16.10 and a fifty-two week high of $29.49. The stock has a market capitalization of $816.69 million, a P/E ratio of 11.67 and a beta of 0.86.

Univest Financial (NASDAQ:UVSP) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $120.81 million for the quarter, compared to the consensus estimate of $72.50 million. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. During the same period in the previous year, the firm earned $0.61 EPS. On average, sell-side analysts expect that Univest Financial Co. will post 2.21 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, August 7th. Univest Financial’s dividend payout ratio is presently 35.15%.

Institutional Investors Weigh In On Univest Financial

A number of institutional investors and hedge funds have recently modified their holdings of UVSP. Innealta Capital LLC acquired a new position in shares of Univest Financial in the 2nd quarter valued at $28,000. Parallel Advisors LLC lifted its stake in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,714 shares in the last quarter. CWM LLC lifted its stake in Univest Financial by 212.7% during the second quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,538 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 period. Finally, Comerica Bank increased its position in shares of Univest Financial by 11,533.8% in the first quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 8,535 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UVSP shares. Keefe, Bruyette & Woods reiterated 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 raised their price objective 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.

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.