Univest Financial Co. (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin bought 565 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $28.10 per share, for a total transaction of $15,876.50. Following the transaction, the director now directly owns 23,281 shares in the company, valued at approximately $654,196.10. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Univest Financial Trading Down 0.1 %
Shares of UVSP stock opened at $27.79 on Tuesday. Univest Financial Co. has a fifty-two week low of $17.27 and a fifty-two week high of $29.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02. The stock's fifty day moving average is $27.79 and its two-hundred day moving average is $25.04. The firm has a market capitalization of $807.02 million, a P/E ratio of 11.16 and a beta of 0.85.
Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.07. The firm had revenue of $126.59 million for the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same period in the previous year, the business posted $0.58 earnings per share. Research analysts expect that Univest Financial Co. will post 2.38 earnings per share for the current fiscal year.
Univest Financial Announces Dividend
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 3.02%. Univest Financial's dividend payout ratio is presently 33.73%.
Analyst Ratings Changes
Several analysts have recently issued reports on UVSP shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler lifted their price objective on Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, October 25th.
Get Our Latest Stock Analysis on Univest Financial
Hedge Funds Weigh In On Univest Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UVSP. Leeward Investments LLC MA increased its holdings in 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 valued at $9,245,000 after purchasing an additional 21,550 shares during the last quarter. Sei Investments Co. grew its position in Univest Financial by 28.3% during the 1st quarter. Sei Investments Co. now owns 118,994 shares of the financial services provider's stock worth $2,478,000 after purchasing an additional 26,234 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Univest Financial in the first quarter valued at approximately $465,000. Empowered Funds LLC raised its holdings in Univest Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 82,701 shares of the financial services provider's stock worth $1,722,000 after purchasing an additional 6,125 shares in the last quarter. Finally, Creative Planning lifted its holdings in Univest Financial by 21.9% in the second quarter. Creative Planning now owns 40,220 shares of the financial services provider's stock valued at $918,000 after acquiring an additional 7,232 shares during the period. Institutional investors and hedge funds own 75.07% of the company's stock.
About Univest Financial
(
Get Free Report)
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.
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