Michael S. Keim Sells 3,633 Shares of Univest Financial Co. (NASDAQ:UVSP) Stock

Univest Financial Co. (NASDAQ:UVSP) COO Michael S. Keim sold 3,633 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $28.76, for a total value of $104,485.08. Following the completion of the transaction, the chief operating officer now directly owns 55,679 shares of the company’s stock, valued at $1,601,328.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Univest Financial Price Performance

Shares of NASDAQ UVSP opened at $28.47 on Friday. The firm has a market cap of $830.47 million, a price-to-earnings ratio of 11.91 and a beta of 0.85. The stock has a fifty day simple moving average of $27.26 and a two-hundred day simple moving average of $23.26. 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 Co. has a 1-year low of $16.10 and a 1-year high of $29.49.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $120.81 million for the quarter, compared to analysts’ expectations of $72.50 million. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same period in the previous year, the business posted $0.61 EPS. Analysts anticipate that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.95%. Univest Financial’s dividend payout ratio is 35.15%.

Institutional Investors Weigh In On Univest Financial

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in Univest Financial by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider’s stock worth $6,682,000 after purchasing an additional 2,784 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Univest Financial by 307.7% in the fourth 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 during the period. The Manufacturers Life Insurance Company grew its stake in Univest Financial by 8.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock valued at $26,390,000 after acquiring an additional 98,009 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Univest Financial by 95.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 2,094 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Univest Financial by 10.7% in the 1st quarter. BNP Paribas Financial Markets now owns 19,713 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 1,909 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Wall Street Analysts Forecast Growth

UVSP has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on 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 restated a “market perform” rating and set a $29.00 price target (up previously from $23.00) on shares of Univest Financial 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.