Charles Schwab Investment Management Inc. Sells 10,892 Shares of Univest Financial Co. (NASDAQ:UVSP)

Charles Schwab Investment Management Inc. trimmed its holdings in Univest Financial Co. (NASDAQ:UVSP) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 245,883 shares of the financial services provider’s stock after selling 10,892 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Univest Financial were worth $6,919,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Univest Financial during the third quarter worth $25,000. Innealta Capital LLC purchased a new position in Univest Financial in the 2nd quarter worth about $28,000. International Assets Investment Management LLC lifted its holdings in Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,411 shares in the last quarter. CWM LLC boosted its position in 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 buying an additional 2,538 shares during the period. Finally, Comerica Bank grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Financial Stock Performance

Shares of Univest Financial stock opened at $31.97 on Thursday. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75. The stock’s fifty day moving average price is $29.73 and its 200-day moving average price is $26.82. The firm has a market cap of $928.41 million, a P/E ratio of 12.84 and a beta of 0.88. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. The business had revenue of $126.59 million during the quarter, compared to analyst estimates of $74.11 million. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities research analysts expect that Univest Financial Co. will post 2.43 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.21 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.63%. Univest Financial’s dividend payout ratio is presently 33.73%.

Insider Transactions at Univest Financial

In related news, COO Michael S. Keim sold 3,633 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at $1,601,328.04. This represents a 6.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 4,541 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $28.75, for a total value of $130,553.75. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,592,876.25. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target 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 Company 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.