Univest Financial Co. (NASDAQ:UVSP - Get Free Report) Director Natalye Paquin acquired 860 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $22.29 per share, with a total value of $19,169.40. Following the purchase, the director now owns 21,997 shares of the company's stock, valued at approximately $490,313.13. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Univest Financial Stock Up 0.2 %
Shares of Univest Financial stock opened at $21.99 on Wednesday. The company has a market capitalization of $643.65 million, a P/E ratio of 9.20 and a beta of 0.87. The company has a 50 day moving average of $20.08 and a 200 day moving average of $19.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $22.68.
Univest Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.82%. Univest Financial's dividend payout ratio is currently 35.15%.
Hedge Funds Weigh In On Univest Financial
Most important medical advance in 100 years
From The Oxford Club | Ad
This is going to dramatically alter medicine forever.
Keep in mind, creating a new effective drug in the past took up to 10 years and could cost up to $12 billion.
But now, with artificial intelligence, it could take months and cost a fraction of that amount.
Watch my new presentation detailing the opportunity
Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Univest Financial by 5.4% in the 3rd quarter. FMR LLC now owns 2,556,151 shares of the financial services provider's stock valued at $44,426,000 after purchasing an additional 130,584 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Univest Financial by 8.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider's stock worth $26,390,000 after purchasing an additional 98,009 shares during the last quarter. Boston Partners grew its position in Univest Financial by 4.7% during the 4th quarter. Boston Partners now owns 439,664 shares of the financial services provider's stock worth $9,589,000 after purchasing an additional 19,707 shares during the last quarter. AQR Capital Management LLC increased its stake in Univest Financial by 186.3% in the third quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider's stock valued at $5,731,000 after purchasing an additional 214,572 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Univest Financial by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 303,331 shares of the financial services provider's stock worth $6,682,000 after buying an additional 2,784 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have commented on UVSP shares. Piper Sandler raised their price target on shares of Univest Financial from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $23.00 target price (up from $22.00) on shares of Univest Financial in a research note on Friday, April 26th.
Get Our Latest Stock Report on Univest Financial
Univest Financial Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
