Univest Financial Co. (NASDAQ:UVSP - Get Free Report) Director Anne Vazquez purchased 1,250 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $28.63 per share, for a total transaction of $35,787.50. Following the completion of the purchase, the director now directly owns 6,250 shares of the company's stock, valued at $178,937.50. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Univest Financial Stock Performance
UVSP traded down $0.08 during trading on Friday, reaching $28.64. The company's stock had a trading volume of 211,295 shares, compared to its average volume of 95,905. Univest Financial Co. has a 52-week low of $18.41 and a 52-week high of $32.75. The company's fifty day moving average price is $29.80 and its 200-day moving average price is $29.46. The company has a market capitalization of $830.62 million, a price-to-earnings ratio of 11.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.
Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.08. Univest Financial had a net margin of 15.17% and a return on equity of 8.51%. On average, equities analysts forecast that Univest Financial Co. will post 2.36 earnings per share for the current fiscal year.
Univest Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.84 annualized dividend and a yield of 2.93%. Univest Financial's dividend payout ratio (DPR) is presently 32.43%.
Analysts Set New Price Targets
Separately, Stephens reaffirmed an "equal weight" rating and set a $31.00 price objective on shares of Univest Financial in a research report on Thursday, January 23rd.
View Our Latest Stock Report on Univest Financial
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UVSP. The Manufacturers Life Insurance Company grew its stake in shares of Univest Financial by 6.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,204,530 shares of the financial services provider's stock valued at $35,546,000 after buying an additional 75,964 shares during the period. Geode Capital Management LLC boosted its position in Univest Financial by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider's stock valued at $19,826,000 after buying an additional 23,770 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Univest Financial by 12.7% in the 4th quarter. American Century Companies Inc. now owns 632,354 shares of the financial services provider's stock valued at $18,661,000 after purchasing an additional 71,265 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Univest Financial by 189.8% in the 4th quarter. Ameriprise Financial Inc. now owns 398,475 shares of the financial services provider's stock valued at $11,759,000 after purchasing an additional 260,990 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Univest Financial by 2.8% in the 4th quarter. Northern Trust Corp now owns 339,290 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 9,184 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
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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