Univest Financial Co. (NASDAQ:UVSP) Director Purchases $18,657.42 in Stock

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin acquired 618 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of $30.19 per share, with a total value of $18,657.42. Following the acquisition, the director now owns 25,244 shares in the company, valued at $762,116.36. The trade was a 2.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Univest Financial Price Performance

UVSP stock traded up $0.46 during mid-day trading on Tuesday, hitting $30.36. 19,464 shares of the stock were exchanged, compared to its average volume of 89,280. The business has a fifty day moving average price of $30.30 and a 200 day moving average price of $28.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. Univest Financial Co. has a 12 month low of $18.41 and a 12 month high of $32.75. The stock has a market capitalization of $881.65 million, a price-to-earnings ratio of 11.72 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. On average, sell-side analysts anticipate that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $0.84 annualized dividend and a yield of 2.77%. Univest Financial’s payout ratio is 32.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Stephens restated an “equal weight” rating and issued a $31.00 price objective on shares of Univest Financial in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning boosted its stake in Univest Financial by 21.9% during the second quarter. Creative Planning now owns 40,220 shares of the financial services provider’s stock valued at $918,000 after buying an additional 7,232 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Univest Financial in the third quarter valued at $289,000. CWM LLC grew its stake in shares of Univest Financial by 66.1% in the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock worth $174,000 after buying an additional 2,465 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,411 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Univest Financial by 57.5% in the third quarter. Assenagon Asset Management S.A. now owns 228,321 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 83,312 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

About Univest Financial

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.