Insider Transactions at Univest Financial Corp: CEO Sells $79,000 Worth of Shares
Univest Financial Corp (NASDAQ:UVSP) Chairman, President, and CEO Jeffrey M. Schweitzer recently sold 2,773 shares of the company's common stock at an average price of $28.56 to $28.5737, earning over $79,000. On the same day, Schweitzer purchased 2,773 shares at $19.68 per share, adjusting his total holdings to 90,187.1043 shares.
Investors often watch insider transactions for insights into executive sentiment towards a company's stock. Univest Financial Corp reported strong second-quarter earnings, exceeding analyst estimates with net income of $18.2 million. Piper Sandler increased the price target to $24.00 and maintained a Neutral rating, citing improvements in credit and capital.
Univest Financial Corp remains optimistic about its future performance, with steady loan growth and increased non-interest income. The company's consistent dividend payout and strong returns make it a significant player in the financial sector. Investors can find more insights on Univest Financial Corp's financial health at InvestingPro.
In conclusion, recent insider transactions, strong earnings, and analyst optimism suggest a positive outlook for Univest Financial Corp. Investors should consider these factors when making financial decisions.