BLB&B Advisors LLC Reduces Position in Univest Financial Co. (NASDAQ:UVSP)

BLB&B Advisors LLC reduced its holdings in Univest Financial Co. (NASDAQ:UVSP) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,916 shares of the financial services provider’s stock after selling 6,249 shares during the period. BLB&B Advisors LLC owned about 0.09% of Univest Financial worth $757,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Univest Financial in the 2nd quarter valued at $28,000. CWM LLC boosted its holdings in shares of Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,538 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Univest Financial by 95.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,094 shares during the last quarter. Comerica Bank lifted its stake in shares of Univest Financial by 11,533.8% in the 1st quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 8,535 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in shares of Univest Financial in the 2nd quarter valued at $231,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Univest Financial Stock Performance

UVSP opened at $27.36 on Wednesday. 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 firm has a fifty day moving average price of $27.58 and a 200 day moving average price of $24.46. The stock has a market cap of $798.09 million, a P/E ratio of 11.21 and a beta of 0.85. Univest Financial Co. has a 1 year low of $16.10 and a 1 year high of $29.49.

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

Insiders Place Their Bets

In other Univest Financial news, COO Michael S. Keim sold 3,633 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 55,679 shares in the company, valued at approximately $1,601,328.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Michael S. Keim sold 3,633 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 55,679 shares in the company, valued at $1,601,328.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total transaction of $34,200.00. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,389 shares of company stock worth $412,352. Company insiders own 2.10% of the company’s stock.

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.