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

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin purchased 860 shares of the business’s stock in a transaction on 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 purchase, the director now directly owns 21,997 shares in the company, valued at approximately $490,313.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Univest Financial Price Performance

Shares of NASDAQ UVSP opened at $21.99 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $643.65 million, a PE ratio of 9.20 and a beta of 0.87. The stock’s 50 day moving average price is $20.08 and its 200-day moving average price is $19.93. Univest Financial Co. has a twelve month low of $16.10 and a twelve month high of $22.68.

Univest Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, May 7th. Univest Financial’s dividend payout ratio is presently 35.15%.

Analyst Ratings Changes

UVSP has been the topic of a number of recent research reports. 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. Piper Sandler lifted their price objective 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.

Institutional Investors Weigh In On Univest Financial

A number of hedge funds have recently made changes to their positions in UVSP. Raymond James & Associates increased its position in Univest Financial by 7.9% in the third quarter. Raymond James & Associates now owns 26,519 shares of the financial services provider’s stock worth $461,000 after buying an additional 1,942 shares during the last quarter. Bailard Inc. purchased a new stake in Univest Financial in the 3rd quarter worth about $191,000. Strs Ohio raised its stake in Univest Financial by 20.0% in the 3rd quarter. Strs Ohio now owns 34,200 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 5,700 shares during the period. Watershed Asset Management L.L.C. purchased a new stake in Univest Financial during the third quarter valued at about $240,000. Finally, Assenagon Asset Management S.A. boosted its position in Univest Financial by 78.3% during the third quarter. Assenagon Asset Management S.A. now owns 180,994 shares of the financial services provider’s stock worth $3,146,000 after purchasing an additional 79,472 shares during the period. 75.07% of the stock is currently owned by 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.