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

Univest Financial Co. (NASDAQ:UVSP) Director Natalye Paquin bought 860 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $22.29 per share, for a total transaction of $19,169.40. Following the transaction, the director now owns 21,997 shares in the company, valued at approximately $490,313.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Univest Financial Stock Performance

Shares of NASDAQ UVSP opened at $22.59 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $20.14 and a two-hundred day simple moving average of $19.95. Univest Financial Co. has a 12 month low of $16.10 and a 12 month high of $22.68. The stock has a market cap of $661.25 million, a price-to-earnings ratio of 9.45 and a beta of 0.87.

Univest Financial Announces Dividend

The company 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Tuesday, May 7th. Univest Financial’s dividend payout ratio is currently 35.15%.

Hedge Funds Weigh In On Univest Financial

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Univest Financial by 2,103.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,094 shares during the period. Lindbrook Capital LLC raised its position in Univest Financial by 1,787.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,162 shares during the period. Quantbot Technologies LP raised its position in Univest Financial by 1,029.9% during the third quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,823 shares during the period. Parallel Advisors LLC raised its position in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,714 shares during the period. Finally, Signaturefd LLC raised its position in Univest Financial by 212.8% during the fourth quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,941 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $23.00 price objective (up from $22.00) on shares of Univest Financial in a research note 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.