Hotchkis & Wiley Capital Management LLC Sells 58,140 Shares of Univest Financial Co. (NASDAQ:UVSP)

Hotchkis & Wiley Capital Management LLC cut its stake in Univest Financial Co. (NASDAQ:UVSP) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 394,900 shares of the financial services provider’s stock after selling 58,140 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.36% of Univest Financial worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Univest Financial in the third quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Univest Financial during the second quarter worth approximately $28,000. International Assets Investment Management LLC raised its stake in shares of Univest Financial by 2,713.5% during the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,411 shares during the last quarter. CWM LLC raised its stake in shares of Univest Financial by 212.7% during the second quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,538 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Univest Financial during the third quarter worth approximately $209,000. 75.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

Insider Activity at Univest Financial

In other 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 completion of the transaction, the chief operating officer now owns 55,679 shares in the company, valued at $1,601,328.04. This represents a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 4,541 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $28.75, for a total transaction of $130,553.75. Following the completion of the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,592,876.25. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,374 shares of company stock worth $240,691. 2.09% of the stock is currently owned by company insiders.

Univest Financial Trading Down 1.3 %

UVSP opened at $31.57 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $916.89 million, a price-to-earnings ratio of 12.68 and a beta of 0.88. The firm has a 50 day simple moving average of $29.18 and a 200 day simple moving average of $26.45. Univest Financial Co. has a fifty-two week low of $18.41 and a fifty-two week high of $32.75.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $126.59 million during the quarter, compared to analysts’ expectations of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same quarter in the previous year, the company earned $0.58 earnings per share. On average, sell-side analysts anticipate that Univest Financial Co. will post 2.35 earnings per share for the current year.

Univest Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Wednesday, November 6th. Univest Financial’s dividend payout ratio is currently 33.73%.

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.