Insider Buying: Univest Financial Co. (NASDAQ:UVSP) Director Acquires 860 Shares of Stock

Univest Financial Co. (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin purchased 860 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $22.29 per share, with a total value of $19,169.40. Following the transaction, the director now owns 21,997 shares of the company's stock, valued at approximately $490,313.13. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Univest Financial Stock Up 0.2 %

NASDAQ UVSP traded up $0.04 on Tuesday, hitting $21.99. The stock had a trading volume of 96,876 shares, compared to its average volume of 108,086. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $22.68. The business's fifty day moving average price is $20.04 and its 200 day moving average price is $19.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $643.65 million, a price-to-earnings ratio of 9.31 and a beta of 0.87.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, May 7th. Univest Financial's dividend payout ratio (DPR) is presently 35.15%.

Analysts Set New Price Targets

Several brokerages have issued reports on UVSP. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Univest Financial in a research note on Friday, April 26th. Piper Sandler lifted their target price on Univest Financial from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st.

Institutional Investors Weigh In On Univest Financial

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in Univest Financial by 2,103.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,094 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Univest Financial by 1,787.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 1,162 shares during the period. Quantbot Technologies LP raised its stake in Univest Financial by 1,029.9% in the 3rd 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 last quarter. Parallel Advisors LLC lifted its position in Univest Financial by 307.7% during the 4th 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 grew its stake in Univest Financial by 212.8% during the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

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.