Insider Buying: Univest Financial Co. (NASDAQ:UVSP) Director Acquires 565 Shares of Stock

Univest Financial Co. (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin bought 565 shares of Univest Financial stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $28.10 per share, with a total value of $15,876.50. Following the completion of the purchase, the director now directly owns 23,281 shares in the company, valued at $654,196.10. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Univest Financial Stock Performance

NASDAQ:UVSP traded down $0.02 during mid-day trading on Monday, hitting $27.79. 96,614 shares of the stock were exchanged, compared to its average volume of 102,408. The stock has a market capitalization of $807.02 million, a price-to-earnings ratio of 11.25 and a beta of 0.85. 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 firm's 50-day simple moving average is $27.80 and its 200 day simple moving average is $24.97. Univest Financial Co. has a fifty-two week low of $17.27 and a fifty-two week high of $29.49.

Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. The firm had revenue of $126.59 million during the quarter, compared to analysts' expectations of $74.11 million. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Univest Financial Co. will post 2.38 EPS for the current fiscal year.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 yield of 3.02%. Univest Financial's dividend payout ratio is presently 33.73%.

Hedge Funds Weigh In On Univest Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Univest Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Univest Financial in the 2nd quarter valued at $28,000. International Assets Investment Management LLC increased its stake in shares of Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 1,411 shares during the last quarter. CWM LLC increased its stake in shares of Univest Financial by 212.7% in the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 2,538 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Univest Financial by 95.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 2,094 shares during the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UVSP has been the subject of several research reports. Piper Sandler lifted their price target on Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $29.00 price target (up from $23.00) on shares of Univest Financial in a report on Friday, July 26th.

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.