Univest financial director Turner sells $344,280 in shares

Michael L. Turner, a director at UNIVEST FINANCIAL Corp, divested 8,000 shares of the company's common stock on August 13, 2026. The sales generated $344,280, with individual share prices fluctuating between $42.9386 and $43.2336. Post-transactions, Turner still held 24,684.0723 shares, including 2,368.0723 acquired via the company's dividend reinvestment plan.

UNIVEST FINANCIAL Corp shares have displayed robust performance recently, rising 34% year-to-date and 48% over the past year. Analysis suggests the stock is currently undervalued. A Pro Research Report, available for this and over 1,400 other US equities, provides further insights.

However, recent earnings for Univest Financial Corp fell short of Wall Street expectations. The company reported $0.82 earnings per share and $84.3 million in revenue, below the expected $0.87 per share and $86.66 million in revenue. The shortfall was partly due to a $5.2 million pre-tax valuation adjustment for an other real estate owned property.

Despite this, net income surged by 18.8% year-over-year, reaching $23 million, or $0.82 per diluted share. Net interest income grew by 11.3% year-over-year, bolstered by a higher net interest margin of 3.49%. Additionally, the bank saw increases in both loans and deposits.

The company maintained its commitment to shareholder value through consistent dividend payments for 48 consecutive years. Investors can get more detailed analysis through Univest's Pro Research Report.