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

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin purchased 618 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of $30.19 per share, for a total transaction of $18,657.42. Following the acquisition, the director now owns 25,244 shares in the company, valued at approximately $762,116.36. The trade was a 2.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Univest Financial Price Performance

Shares of NASDAQ:UVSP opened at $31.63 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $918.54 million, a PE ratio of 12.21 and a beta of 0.89. The firm’s 50 day moving average price is $30.26 and its 200-day moving average price is $28.88. Univest Financial Co. has a twelve month low of $18.41 and a twelve month high of $32.75.

Univest Financial (NASDAQ:UVSP) last released 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 net margin of 15.17% and a return on equity of 8.51%. Equities research analysts expect that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.84 annualized dividend and a yield of 2.66%. Univest Financial’s dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

UVSP has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stephens reissued an “equal weight” rating and set a $31.00 price target on shares of Univest Financial in a report on Thursday, January 23rd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in shares of 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 purchasing an additional 83,312 shares in the last quarter. Raymond James Financial Inc. bought a new position in Univest Financial in the 4th quarter worth $2,299,000. JPMorgan Chase & Co. increased its stake in Univest Financial by 64.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,531 shares of the financial services provider’s stock worth $2,913,000 after buying an additional 40,545 shares in the last quarter. Barclays PLC raised its holdings in Univest Financial by 91.3% during the third quarter. Barclays PLC now owns 66,603 shares of the financial services provider’s stock valued at $1,875,000 after acquiring an additional 31,783 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of Univest Financial by 58.8% in the third quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider’s stock valued at $2,013,000 after acquiring an additional 26,473 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

Univest Financial Company Profile

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.