Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin Acquires 860 Shares of Stock

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin acquired 860 shares of the stock in a transaction dated Tuesday, May 7th. The shares were bought at an average price of $22.29 per share, with a total value of $19,169.40. Following the completion of the transaction, the director now directly owns 21,997 shares of the company’s stock, valued at $490,313.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Univest Financial Trading Up 0.0 %

Shares of UVSP stock opened at $22.60 on Friday. The company has a market cap of $661.55 million, a P/E ratio of 9.46 and a beta of 0.87. Univest Financial Co. has a fifty-two week low of $16.10 and a fifty-two week high of $22.68. The stock has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $19.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01.

Univest Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, May 7th. Univest Financial’s dividend payout ratio is presently 35.15%.

Institutional Investors Weigh In On Univest Financial

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of Univest Financial by 186.3% during the 3rd quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider’s stock worth $5,731,000 after purchasing an additional 214,572 shares in the last quarter. FMR LLC grew its stake in Univest Financial by 5.4% in the third quarter. FMR LLC now owns 2,556,151 shares of the financial services provider’s stock valued at $44,426,000 after acquiring an additional 130,584 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Univest Financial by 8.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock valued at $26,390,000 after acquiring an additional 98,009 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Univest Financial by 37.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 300,547 shares of the financial services provider’s stock valued at $5,224,000 after purchasing an additional 82,107 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Univest Financial by 78.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 180,994 shares of the financial services provider’s stock valued at $3,146,000 after purchasing an additional 79,472 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on UVSP shares. Piper Sandler raised their price target on shares of Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $23.00 target price (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

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.