International Assets Investment Management LLC Increases Stock Position in Univest Financial Co. (NASDAQ:UVSP)

International Assets Investment Management LLC increased its position in shares of Univest Financial Co. (NASDAQ:UVSP) by 2,713.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,463 shares of the financial services provider’s stock after purchasing an additional 1,411 shares during the quarter. International Assets Investment Management LLC’s holdings in Univest Financial were worth $41,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Univest Financial during the second quarter worth $28,000. CWM LLC raised its stake in shares of Univest Financial by 212.7% in 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 during the period. Comerica Bank increased its holdings 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 worth $179,000 after acquiring an additional 8,535 shares during the last quarter. Ariadne Wealth Management LP purchased a new position in shares of Univest Financial in the second quarter worth about $231,000. Finally, SG Americas Securities LLC bought a new stake in shares of Univest Financial in the third quarter valued at approximately $289,000. 75.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total value of $34,200.00. Following the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total transaction of $34,200.00. Following the transaction, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $28.56, for a total transaction of $79,196.88. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,575,740.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,389 shares of company stock valued at $412,352 over the last three months. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price target (up from $23.00) on shares of Univest Financial in a report on Friday, July 26th. Piper Sandler lifted their target price on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, October 25th.

Univest Financial Price Performance

Shares of NASDAQ UVSP opened at $30.84 on Friday. The stock’s 50-day simple moving average is $27.99 and its two-hundred day simple moving average is $25.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $895.59 million, a P/E ratio of 12.39 and a beta of 0.85. Univest Financial Co. has a twelve month low of $17.27 and a twelve month high of $32.24.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $126.59 million during the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same period in the previous year, the business posted $0.58 EPS. As a group, equities analysts anticipate that Univest Financial Co. will post 2.35 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, November 6th. Univest Financial’s dividend 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.