Univest Financial Co. (NASDAQ:UVSP - Get Free Report) COO Michael S. Keim sold 400 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $28.54, for a total value of $11,416.00. Following the transaction, the chief operating officer now owns 55,679 shares of the company's stock, valued at approximately $1,589,078.66. The transaction was disclosed in a filing with the SEC, which is available at this link.
Univest Financial Trading Down 0.8 %
Univest Financial stock opened at $28.05 on Thursday. The firm has a 50-day moving average of $26.04 and a 200-day moving average of $22.61. Univest Financial Co. has a one year low of $16.10 and a one year high of $29.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market cap of $821.08 million, a price-to-earnings ratio of 11.74 and a beta of 0.86.
Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its 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 business had revenue of $120.81 million during the quarter, compared to the consensus estimate of $72.50 million. During the same period last year, the business posted $0.61 EPS. On average, equities analysts expect that Univest Financial Co. will post 2.21 earnings per share for the current fiscal year.
Univest Financial Announces Dividend
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The company also recently announced 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 annualized dividend and a yield of 2.99%. Univest Financial's dividend payout ratio (DPR) is currently 35.15%.
Wall Street Analysts Forecast Growth
UVSP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th. Piper Sandler increased their price objective on shares of Univest Financial from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Friday, July 26th.
Check Out Our Latest Analysis on UVSP
Institutional Investors Weigh In On Univest Financial
Several hedge funds have recently bought and sold shares of the company. Ariadne Wealth Management LP acquired a new stake in Univest Financial in the 2nd quarter valued at about $231,000. Creative Planning lifted its stake in Univest Financial by 21.9% in the 2nd quarter. Creative Planning now owns 40,220 shares of the financial services provider's stock valued at $918,000 after purchasing an additional 7,232 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in 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 purchasing an additional 12,401 shares during the last quarter. Sei Investments Co. lifted its position in Univest Financial by 19.0% during the second quarter. Sei Investments Co. now owns 141,638 shares of the financial services provider's stock worth $3,233,000 after acquiring an additional 22,644 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Univest Financial by 21.0% during the second 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 during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
Univest Financial Company Profile
(
Get Free Report)
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.
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