SEC Form SC 13G filed by Univest Financial Corporation

2/9/22 10:01:25 AM ET

Major Banks

Finance

Get the next $UVSP alert in real time by email

SC 13G 1 filing.txt SCHEDULE 13G Amendment No. 0 UNIVEST FINANCIAL CORP COMMON STOCK Cusip #915271100 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #915271100 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,460,782 Item 6: 0 Item 7: 1,795,053 Item 8: 0 Item 9: 1,795,053 Item 11: 6.095% Item 12: HC Cusip #915271100 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,795,053 Item 8: 0 Item 9: 1,795,053 Item 11: 6.095% Item 12: IN Item 1(a). Name of Issuer: UNIVEST FINANCIAL CORP Item 1(b). Address of Issuer's Principal Executive Offices: 14 NORTH MAIN STREET, PO BOX 197 SOUDERTON, PA 18964 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 915271100 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,795,053 (b) Percent of Class: 6.095% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,460,782 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,795,053 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of UNIVEST FINANCIAL CORP. No one other person's interest in the COMMON STOCK of UNIVEST FINANCIAL CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of UNIVEST FINANCIAL CORP at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

Get the next $UVSP alert in real time by email

Date

Price Target

Rating

Analyst

10/6/2023

$24.00 → $20.00

Outperform → Mkt Perform

Keefe Bruyette

11/7/2022

$30.50

Overweight → Equal-Weight

Stephens

11/2/2021

$31.00 → $34.00

Outperform

Raymond James

SEC Form SC 13G filed by Univest Financial Corporation

Chat with this insight

Recent Analyst Ratings for $UVSP

$UVSP Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Univest Corp. of PA downgraded by Keefe Bruyette with a new price target

Univest Corp. of PA downgraded by Stephens with a new price target

Raymond James reiterated coverage on Univest Financial with a new price target

$UVSP Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Paquin Natalye bought $15,876 worth of Common (565 units at $28.10), increasing direct ownership by 2% to 23,281 units (SEC Form 4)

Director Paquin Natalye bought $16,779 worth of Common (580 units at $28.93), increasing direct ownership by 3% to 22,651 units (SEC Form 4)

Paquin Natalye bought $19,169 worth of Common (860 units at $22.29), increasing direct ownership by 4% to 21,997 units (SEC Form 4)

$UVSP Press Releases

Fastest customizable press release news feed in the world

Univest Financial Corporation Reports Third Quarter Results

Univest Financial Corporation to Hold Third Quarter 2024 Earnings Call

Univest Financial Corporation Reports Second Quarter Results

$UVSP Large Ownership Changes

This live feed shows all institutional transactions in real time.