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Paquin Natalye, a director at Univest Financial Corp (NASDAQ:UVSP), recently acquired additional shares in the company. According to a recent SEC filing, Paquin purchased 618 shares of common stock on February 3, 2025, at a price of $30.19 per share, totaling approximately $18,657. This transaction increased her total holdings to 25,243.9831 shares. The purchase comes as Univest, with its current market capitalization of $875 million, trades near $30.16 per share. According to InvestingPro analysis, the stock has delivered an impressive 52% return over the past year.
Additionally, on January 31, 2025, Paquin acquired 1,290 shares through the settlement of restricted stock units. This transaction did not involve a cash purchase as the shares were acquired upon vesting of the units. Following these transactions, Paquin’s direct ownership includes shares acquired through a dividend reinvestment plan. Notably, InvestingPro data shows that Univest has maintained dividend payments for 47 consecutive years, currently offering a 2.81% yield. Discover more insights about UVSP and 1,400+ other stocks with InvestingPro’s comprehensive research reports.
In other recent news, Univest Financial Corporation has delivered a strong performance in the fourth quarter of 2024, exceeding analyst expectations. The company reported earnings per share (EPS) of $0.65, surpassing the forecasted $0.55. Revenues also beat predictions, totaling $76.8 million compared to the anticipated $73.45 million. Univest also reported a significant increase in loan growth, which rose by $95.8 million, representing a 5.6% annualized increase. Consumer and commercial deposits grew by $104 million, further demonstrating the company’s robust market position. In terms of future expectations, Univest anticipates loan growth between 3% and 5% in 2025, with net interest income expected to rise by 5% to 7%. These recent developments highlight Univest’s effective strategic initiatives and diversified business model.
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