Cubist Systematic Strategies LLC Sells 20,717 Shares of Univest Financial Co. (NASDAQ:UVSP)

Cubist Systematic Strategies LLC lowered its position in shares of Univest Financial Co. (NASDAQ:UVSP - Free Report) by 58.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,541 shares of the financial services provider's stock after selling 20,717 shares during the period. Cubist Systematic Strategies LLC's holdings in Univest Financial were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Univest Financial during the 2nd quarter worth $28,000. CWM LLC increased 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 worth $85,000 after acquiring an additional 2,538 shares during the period. PNC Financial Services Group Inc. increased its stake in Univest Financial by 95.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider's stock worth $94,000 after acquiring an additional 2,094 shares during the period. Comerica Bank increased its stake in Univest Financial by 11,533.8% during 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 during the period. Finally, Ariadne Wealth Management LP bought a new position in Univest Financial during the 2nd quarter worth $231,000. Institutional investors own 75.07% of the company's stock.

Analysts Set New Price Targets

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

Univest Financial Price Performance

UVSP stock traded down $0.01 during midday trading on Monday, reaching $27.90. 65,928 shares of the stock were exchanged, compared to its average volume of 102,403. The stock has a market capitalization of $813.84 million, a PE ratio of 11.43 and a beta of 0.85. 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 current ratio of 1.02 and a quick ratio of 1.01. The company has a fifty day moving average price of $27.24 and a 200 day moving average price of $24.07.

Univest Financial (NASDAQ:UVSP - Get Free Report) last issued 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 business had revenue of $120.81 million for the quarter, compared to analyst estimates 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 EPS. As a group, analysts expect that Univest Financial Co. will post 2.31 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. Univest Financial's dividend payout ratio (DPR) is presently 34.43%.

Insider Activity

In related news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total transaction of $34,200.00. Following the transaction, the chief executive officer now directly owns 90,187 shares of the company's stock, valued at approximately $2,570,329.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael S. Keim sold 3,633 shares of the 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 completion of the sale, the chief operating officer now directly owns 55,679 shares of the company's stock, valued at $1,601,328.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company's stock, valued at approximately $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,389 shares of company stock valued at $412,352 in the last ninety days. 2.10% of the stock is owned by company insiders.

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.