Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin Purchases 580 Shares

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin purchased 580 shares of the company’s stock in a transaction on Friday, July 26th. The shares were purchased at an average cost of $28.93 per share, with a total value of $16,779.40. Following the purchase, the director now owns 22,651 shares of the company’s stock, valued at $655,293.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Natalye Paquin also recently made the following trade(s):

• On Tuesday, May 7th, Natalye Paquin purchased 860 shares of Univest Financial stock. The shares were purchased at an average cost of $22.29 per share, with a total value of $19,169.40.

Univest Financial Trading Up 3.6 %

UVSP opened at $29.18 on Monday. The business has a 50 day simple moving average of $23.03 and a two-hundred day simple moving average of $21.34. The firm has a market capitalization of $854.10 million, a price-to-earnings ratio of 12.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01. Univest Financial Co. has a one year low of $16.10 and a one year high of $29.49.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. Univest Financial had a return on equity of 8.29% and a net margin of 14.91%. The firm had revenue of $120.81 million for the quarter, compared to the consensus estimate of $72.50 million. During the same quarter in the prior year, the business earned $0.61 EPS. Analysts predict that Univest Financial Co. will post 2.21 EPS for the current year.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.88%. Univest Financial’s dividend payout ratio (DPR) is 35.15%.

Institutional Trading of Univest Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of Univest Financial by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 174,115 shares of the financial services provider’s stock worth $3,975,000 after buying an additional 6,724 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Univest Financial by 15.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 22,173 shares of the financial services provider’s stock worth $506,000 after buying an additional 2,913 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of Univest Financial by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 404,942 shares of the financial services provider’s stock worth $9,245,000 after buying an additional 21,550 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Univest Financial by 5.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 145,009 shares of the financial services provider’s stock worth $3,311,000 after buying an additional 7,099 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,538 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a research note on Friday. Piper Sandler boosted their target price on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday.

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.