Natalye Paquin Purchases 650 Shares of Univest Financial Corp (NASDAQ:UVSP) Stock

Univest Financial Corp (NASDAQ:UVSP) Director Natalye Paquin purchased 650 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $26.96 per share, for a total transaction of $17,524.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Univest Financial stock opened at $26.78 on Friday. The company has a market cap of $774.81 million, a PE ratio of 11.54 and a beta of 0.80. Univest Financial Corp has a 52 week low of $20.18 and a 52 week high of $27.80. The business has a 50 day moving average price of $26.01 and a 200-day moving average price of $25.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

Univest Financial (NASDAQ:UVSP) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $59.24 million during the quarter. Univest Financial had a return on equity of 10.41% and a net margin of 24.88%. As a group, research analysts anticipate that Univest Financial Corp will post 2.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, December 19th. Univest Financial’s dividend payout ratio is presently 39.60%.

Several hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its holdings in shares of Univest Financial by 24.9% in the third quarter. Metropolitan Life Insurance Co NY now owns 10,573 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 2,107 shares in the last quarter. Millennium Management LLC grew its holdings in Univest Financial by 42.0% during the third quarter. Millennium Management LLC now owns 21,424 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 6,335 shares during the period. California State Teachers Retirement System grew its holdings in Univest Financial by 1.5% during the third quarter. California State Teachers Retirement System now owns 44,826 shares of the financial services provider’s stock valued at $1,144,000 after purchasing an additional 663 shares during the period. State Street Corp grew its holdings in Univest Financial by 1.5% during the third quarter. State Street Corp now owns 727,746 shares of the financial services provider’s stock valued at $18,707,000 after purchasing an additional 10,455 shares during the period. Finally, Alps Advisors Inc. bought a new position in Univest Financial during the third quarter valued at $356,000. 67.52% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on UVSP shares. ValuEngine downgraded Univest Financial from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. BidaskClub raised Univest Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 7th. Zacks Investment Research raised Univest Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Raymond James assumed coverage on Univest Financial in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $29.00 price objective for the company.

Univest Financial Company Profile

Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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