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Univest Financial (UVSP)

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $6.3 billion in assets and $4.1 billion in assets under management and supervision through its Wealth Management lines of business at December 31, 2020. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and York, as well as in New Jersey and Maryland.

Company profile

Ticker
UVSP
Exchange
Website
CEO
Jeffrey Schweitzer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
UNIVEST CORP OF PENNSYLVANIA
SEC CIK
Subsidiaries
a.104 S. Oakland Ave., LLC • b.Girard Advisory Services, LLC • c.Girard Benefits Group, LLC • d.Girard Investment Services, LLC • e.Girard Pension Services, LLC • f.Univest Capital, Inc. • g.Univest Insurance, LLC ...
IRS number
231886144

UVSP stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Top 50 of 100 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
Vanguard Star FDS
$38.29M 741.91K 723.49K +2.5
$20.9M 60.25K 60.86K -1.0
$13.42M 527.32K 531.35K -0.8
$10.99M 42.78K 42.8K -0.1
$10.36M 75.75K 75.25K +0.7
$9.92M 55.88K 56.49K -1.1
Ab Global Bond Advisor
$7.52M 1.02M 1.21M -15.7
$7.43M 103.86K 108.02K -3.8
$7.41M 69.76K 3.33K +1993.6
$6.92M 14.44K 14.63K -1.3
$6.69M 26.16K 26K +0.6
$6.35M 32.25K 32.05K +0.6
$6.08M 24.99K 25.35K -1.4
$5.89M 2.7K 2.63K +2.6
$5.64M 20.55K 19.75K +4.1
$5.25M 9.66K 9.56K +1.1
$4.96M 116.21K 112.07K +3.7
$4.93M 44.53K 42.78K +4.1
$4.89M 9.52K 9.57K -0.6
$4.88M 43.34K 41.59K +4.2
$4.88M 73.71K 68.05K +8.3
$4.81M 27.69K 27.07K +2.3
$4.48M 57.82K 56.6K +2.1
$4.42M 7.26K 6.8K +6.8
$4.37M 47.98K 44.63K +7.5
$4.26M 18.77K 17.89K +5.0
$4.12M 18.42K 17.71K +4.0
$4.02M 10.18K 10.13K +0.6
$4.01M 24.84K 22.23K +11.8
$3.91M 38.24K 36.52K +4.7
$3.83M 41.38K 41.32K +0.1
$3.81M 97.22K 94.77K +2.6
$3.81M 22.16K 21.39K +3.6
$3.77M 11.2K 10.79K +3.8
$3.75M 34.53K 33.28K +3.8
$3.48M 14.94K 14.81K +0.9
$3.47M 25.01K 24.9K +0.4
$3.43M 30.33K 29.01K +4.6
$3.17M 33.53K 32.1K +4.5
$3.14M 54.02K 50.45K +7.1
$2.98M 32.21K 32.78K -1.7
$2.91M 31.44K 29.23K +7.6
$2.83M 27.59K 25.01K +10.3
$2.77M 12.23K 12.66K -3.4
$2.18M 35.07K 34.29K +2.3
$1.72M 65.36K NEW
$960K 5.25K 5.25K -0.0
$901K 3.97K 3.98K -0.3
$866K 2.29K 2.29K 0
$861K 9.45K 9.7K -2.6
Holdings list only includes long positions. Only includes long positions.

Calendar

2 Aug 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 94.78M 94.78M 94.78M 94.78M 94.78M 94.78M
Cash burn (monthly) 226.33M 9.06M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 373.01M 14.92M n/a n/a n/a n/a
Cash remaining -278.23M 79.85M n/a n/a n/a n/a
Runway (months of cash) -1.2 8.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Paquin Natalye Common Stock Buy Acquire P No No 24.6532 575 14.18K 13,825.659
29 Apr 22 Paquin Natalye Common Stock Buy Acquire P No No 25.3871 620 15.74K 13,209.747
4 Apr 22 Patrick C McCormick RSU Common Grant Acquire A No No 0 9,000 0 9,000
15 Mar 22 Brobst Duane J Common Stock Payment of exercise Dispose F No No 28.21 1,042 29.39K 53,850.661
15 Mar 22 Brobst Duane J Common Stock Other Dispose J No No 0 29 0 54,892.661
15 Mar 22 Brobst Duane J Common Stock Option exercise Acquire M No No 0 2,450 0 54,921.661
15 Mar 22 Brobst Duane J Common Stock Option exercise Acquire M No No 0 329 0 52,471.661
15 Mar 22 Brobst Duane J Common Stock Option exercise Acquire M No No 0 516 0 52,142.661
15 Mar 22 Brobst Duane J Common Stock Option exercise Acquire M No No 0 350 0 51,626.661
15 Mar 22 Brobst Duane J RSU Common Option exercise Dispose M No No 0 2,450 0 0
13F holders Current Prev Q Change
Total holders 134 146 -8.2%
Opened positions 7 19 -63.2%
Closed positions 19 14 +35.7%
Increased positions 46 51 -9.8%
Reduced positions 54 45 +20.0%
13F shares Current Prev Q Change
Total value 541.7M 574.68M -5.7%
Total shares 21.29M 21.47M -0.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 2.92M $74.41M +2.1%
Dimensional Fund Advisors 2.12M $54M +3.7%
FMR 1.96M $49.93M -2.5%
PZN Pzena Investment Management 1.71M $43.53M -1.2%
Vanguard 1.53M $38.87M +0.7%
Manufacturers Life Insurance Company, The 1.25M $31.72M -6.6%
Renaissance Technologies 806.59K $20.52M -5.4%
STT State Street 782.62K $19.91M -7.3%
FJ Capital Management 642K $16.33M +6.0%
Endeavour Capital Advisors 569.4K $14.49M +2.0%
Largest transactions Shares Bought/sold Change
Parametric Portfolio Associates 0 -257.69K EXIT
MS Morgan Stanley 295.06K +244.21K +480.3%
State Of Wisconsin Investment Board 0 -168.9K EXIT
Bridgeway Capital Management 273.48K +135K +97.5%
Maltese Capital Management 133.24K +133.24K NEW
Manufacturers Life Insurance Company, The 1.25M -88.29K -6.6%
Dimensional Fund Advisors 2.12M +75.49K +3.7%
STT State Street 782.62K -61.54K -7.3%
BLK Blackrock 2.92M +61.34K +2.1%
FMR 1.96M -50.47K -2.5%

Financial report summary

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Management Discussion
  • Net interest income on a tax-equivalent basis for the three months ended June 30, 2022 was $52.0 million, an increase of $4.7 million, or 9.9%, compared to $47.3 million for the three months ended June 30, 2021. The increase in tax-equivalent net interest income for the three months ended June 30, 2022 compared to the comparable period in the prior year was due to an increase in the average balance of loans and investments, increased asset yields and a decrease in the cost of interest-bearing liabilities, partially offset by an increase in the average balance of interest-bearing liabilities and a decrease in PPP loan income.
  • Net interest income on a tax-equivalent basis for the six months ended June 30, 2022 was $99.1 million, an increase of $5.9 million, or 6.3%, compared to the same period in 2021. The increase in tax-equivalent net interest income for the six months ended June 30, 2022 compared to the comparable period in the prior year was due to loan and investment average balance growth outpacing declines in asset yields and a decrease in the cost of interest-bearing liabilities, offset by an increase in the average balance of interest-bearing liabilities and a decrease in PPP loan income.
  • The net interest margin, on a tax-equivalent basis, was 3.19% and 3.04% for the three and six months ended June 30, 2022, respectively, compared to 3.15% and 3.14% for the three and six months ended June 30, 2021, respectively. Excess liquidity reduced the net interest margin by approximately 23 and 28 basis points for the three and six months ended June 30, 2022, respectively, compared to ten basis points for the three and six months ended June 30, 2021. During the quarter ended June 30, 2022, excess liquidity diminished and we returned to a pre-pandemic liquidity level at the end of the quarter. PPP loans had a favorable impact on net interest margin of one and two basis points for the three and six months ended June 30, 2022, respectively, compared to a favorable impact on net interest margin of eleven and seven basis points for the three and six months ended June 30, 2021, respectively.

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