Univest Financial (NASDAQ:UVSP) Shares Gap Up - Still a Buy?

Univest Financial Co. (NASDAQ:UVSP - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $27.08, but opened at $27.91. Univest Financial shares last traded at $27.22, with a volume of 2,662 shares.

Analysts Set New Price Targets

UVSP has been the topic of several recent analyst reports. 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. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th.

Univest Financial Stock Up 1.0 %

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 $798.09 million, a price-to-earnings ratio of 11.21 and a beta of 0.85. The business's 50 day simple moving average is $27.58 and its 200-day simple moving average is $24.46.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.10. The firm had revenue of $120.81 million for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.61 earnings per share. Sell-side analysts expect that Univest Financial Co. will post 2.31 earnings per share for the current year.

Univest Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Wednesday, August 7th. Univest Financial's dividend payout ratio (DPR) is presently 34.43%.

Insider Transactions at Univest Financial

In other Univest Financial news, 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 transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at $2,575,740.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 2,773 shares of the company's stock in a transaction that occurred on 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 owns 90,187 shares of the company's stock, valued at $2,575,740.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at approximately $2,570,329.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,389 shares of company stock worth $412,352 in the last 90 days. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Univest Financial in the second quarter valued at about $28,000. CWM LLC boosted its stake in Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 2,538 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 2,094 shares during the last quarter. Comerica Bank increased its position 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 buying an additional 8,535 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in shares of Univest Financial during the second quarter worth approximately $231,000. Institutional investors own 75.07% of the company's stock.

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.