Univest Financial Co. (NASDAQ:UVSP) Stock Holdings Boosted by Creative Planning

Creative Planning lifted its position in Univest Financial Co. (NASDAQ:UVSP) by 21.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,220 shares of the financial services provider’s stock after buying an additional 7,232 shares during the period. Creative Planning’s holdings in Univest Financial were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings 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 period. Sei Investments Co. raised its holdings in shares of Univest Financial by 28.3% in the 1st quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider’s stock worth $2,478,000 after purchasing an additional 26,234 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Univest Financial during the first quarter valued at approximately $465,000. Leeward Investments LLC MA boosted its holdings in Univest Financial by 5.6% during the second quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock worth $9,245,000 after buying an additional 21,550 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Univest Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,571,213 shares of the financial services provider’s stock worth $32,713,000 after buying an additional 19,307 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Insider Buying and Selling

In other Univest Financial news, 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 transaction, the chief operating officer now owns 55,679 shares in the company, valued at approximately $1,601,328.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Michael S. Keim sold 3,633 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $28.76, for a total transaction of $104,485.08. Following the transaction, the chief operating officer now directly owns 55,679 shares in the company, valued at $1,601,328.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $28.56, for a total value of $79,196.88. Following the sale, the chief executive officer now 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. Over the last three months, insiders sold 14,389 shares of company stock worth $412,352. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Univest Financial Stock Up 3.4 %

Shares of NASDAQ:UVSP opened at $27.91 on Friday. The firm has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $24.02. Univest Financial Co. has a 52 week low of $16.10 and a 52 week high of $29.49. 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 company has a market cap of $814.13 million, a PE ratio of 11.44 and a beta of 0.85.

Univest Financial (NASDAQ:UVSP) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. The business had revenue of $120.81 million during 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 quarter last year, the firm posted $0.61 earnings per share. As a group, research analysts expect that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders 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 3.01%. The ex-dividend date was Wednesday, August 7th. Univest Financial’s dividend payout ratio (DPR) is 34.43%.

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.