10,137 Shares in Univest Financial Co. (NASDAQ:UVSP) Purchased by Ariadne Wealth Management LP

Ariadne Wealth Management LP acquired a new position in Univest Financial Co. (NASDAQ:UVSP) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 10,137 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Univest Financial by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,571,213 shares of the financial services provider’s stock worth $32,713,000 after acquiring an additional 19,307 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Univest Financial by 1.0% during 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 buying an additional 12,401 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Univest Financial by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider’s stock valued at $11,006,000 after purchasing an additional 83,599 shares in the last quarter. Leeward Investments LLC MA grew its position in shares of Univest Financial by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock worth $9,245,000 after acquiring an additional 21,550 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Univest Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider’s stock valued at $6,682,000 after purchasing an additional 2,784 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Price Performance

Shares of Univest Financial stock opened at $28.14 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02. The firm’s 50-day simple moving average is $27.34 and its 200-day simple moving average is $23.54. The firm has a market cap of $823.71 million, a P/E ratio of 11.77 and a beta of 0.85. Univest Financial Co. has a twelve month low of $16.10 and a twelve month high of $29.49.

Univest Financial (NASDAQ:UVSP) last issued 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 return on equity of 8.23% and a net margin of 14.91%. The business had revenue of $120.81 million for the quarter, compared to analyst estimates of $72.50 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, research analysts expect that Univest Financial Co. will post 2.31 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, August 7th. Univest Financial’s dividend payout ratio is currently 35.15%.

Insiders Place Their Bets

In other news, COO Michael S. Keim sold 3,633 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total value of $104,485.08. Following the transaction, the chief operating officer now owns 55,679 shares of the company’s stock, valued at $1,601,328.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Michael S. Keim sold 3,633 shares of the 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 owns 55,679 shares of the company’s stock, valued at approximately $1,601,328.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $28.56, for a total transaction of $79,196.88. Following the transaction, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,575,740.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,389 shares of company stock valued at $412,352. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UVSP. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler boosted their target price on Univest Financial from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th.

Univest Financial 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.