Univest Financial Corp (NASDAQ:UVSP) Chairman, President, and CEO Jeffrey M. Schweitzer has recently engaged in transactions involving the company’s common stock, as reported in the latest regulatory filings. On August 26, Schweitzer sold a total of 2,773 shares at an average price between $28.56 and $28.5737, netting over $79,000.

These sales occurred on the same day Schweitzer also acquired 2,773 shares of Univest Financial Corp common stock at a price of $19.68 per share. Following these transactions, Schweitzer’s direct holdings in the company have adjusted to 90,187.1043 shares, which includes shares acquired through the dividend reinvestment plan.

It’s worth noting that the price range for the shares sold represents a weighted average, as the sales were executed in multiple transactions at varying prices within the specified range. The detailed breakdown of these sales can be provided upon request, as indicated in the footnotes of the filing.

Investors often monitor insider transactions such as these for insights into executive sentiment regarding their company’s stock. While the reasons behind individual transactions can vary, they can sometimes provide valuable context alongside other market data.

Univest Financial Corp, headquartered in Souderton, Pennsylvania, operates as a state commercial bank and offers a range of financial services. The company’s stock is publicly traded on the NASDAQ under the ticker symbol UVSP.

In other recent news, Univest Financial Corporation reported strong second-quarter earnings of $0.62 per share, exceeding analyst estimates. This was bolstered by a net income of $18.2 million, marking a period of solid financial growth. This success was largely driven by a significant increase in deposits and loans, with deposits growing by $90 million and loans by approximately $106 million. Additionally, non-interest income saw a rise of 5.8% compared to the previous year.

Piper Sandler recently adjusted its price target for Univest, increasing it from $20.00 to $24.00 while maintaining a Neutral rating on the stock. Despite a slight shortfall in Net Interest Income (NII), the analyst firm viewed the quarter positively, highlighting improvements in credit and capital, as well as increases in loan and deposit balances.

Univest also repurchased nearly 191,000 shares and provided updated guidance for the year, which includes steady loan growth, a slight net interest income contraction, lower provision for credit losses, and increased non-interest income growth. The company remains optimistic about its growth pipeline and future performance, despite anticipating an increase in the cost of deposits in the latter half of the year. These are some of the recent developments in Univest Financial Corporation.

InvestingPro Insights

Recent insider transactions at Univest Financial Corp (NASDAQ:UVSP) have coincided with notable performance metrics and analyst optimism, as reflected in data and tips from InvestingPro. With a market capitalization of $815.91 million and a solid Price to Earnings (P/E) ratio of 11.48, Univest Financial Corp stands as a significant player in the financial sector. The company’s ability to maintain a consistent dividend payout is evidenced by a 3.01% dividend yield and a remarkable track record of dividend payments for 46 consecutive years, a testament to its financial stability and commitment to shareholder returns.

InvestingPro Tips highlight that Univest Financial Corp has raised its dividend for three consecutive years and has received upward earnings revisions from three analysts for the upcoming period, signaling potential confidence in the company’s future performance. This is bolstered by the company’s strong returns, with a 59.71% total price return over the last year and an impressive 45.38% return over the last six months. These figures suggest a robust upward trend in the company’s stock value, aligning with the recent insider transactions.

While Univest Financial Corp has shown weak gross profit margins, the company’s overall profitability remains intact, with analysts predicting profitability for this year and the company having been profitable over the last twelve months. Investors interested in a deeper dive into Univest Financial Corp can find additional InvestingPro Tips by visiting https://www.investing.com/pro/UVSP, where a total of 9 tips are available to provide further insights into the company’s financial health and market position.

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