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Anne Vazquez, a director at Univest Financial Corp (NASDAQ:UVSP), recently acquired 1,250 shares of the company’s common stock. The transaction, dated March 19, 2025, involved a purchase at a weighted average price of $28.63 per share, amounting to a total investment of $35,787. Following this acquisition, Vazquez now holds a total of 6,250 shares directly. The timing appears strategic, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with analyst price targets ranging from $31 to $33. This transaction reflects Vazquez’s continued confidence in the financial institution, which operates primarily in the state commercial banking sector. The $836 million market cap company has demonstrated strong shareholder commitment with 47 consecutive years of dividend payments, currently yielding 2.95%, and has delivered an impressive 52.54% return over the past year. InvestingPro subscribers can access 8 additional key insights about UVSP, including detailed analysis of its financial health and growth prospects.
In other recent news, Univest Financial Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.65, compared to the forecasted $0.55. Revenues also exceeded predictions, reaching $76.8 million against the anticipated $73.45 million. The company experienced significant growth in loans and deposits, with loans increasing by $95.8 million and consumer and commercial deposits rising by $104 million. Univest’s diversified business model contributed to a 14.6% year-over-year increase in non-interest income. Analysts from firms such as ABW and Piper Sandler discussed the company’s strategic priorities and future expectations during the earnings call. Univest anticipates loan growth between 3% and 5% in 2025, with net interest income expected to rise by 5% to 7%. The company also plans to continue its strategic capital management, including stock buybacks. Despite the positive earnings results, Univest’s stock saw a slight decline in after-hours trading.
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