Univest Financial Co. (NASDAQ:UVSP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.19 and traded as high as $29.03. Univest Financial shares last traded at $28.97, with a volume of 61,179 shares trading hands.
Wall Street Analyst Weigh In
Separately, Piper Sandler lifted their target price on shares of Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th.
Read Our Latest Stock Report on UVSP
Univest Financial Trading Up 2.5 %
The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $862.29 million, a PE ratio of 11.92 and a beta of 0.89. The company's 50-day moving average price is $30.61 and its 200 day moving average price is $28.23.
Univest Financial (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.56 by $0.07. The business had revenue of $126.59 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.58 earnings per share. On average, sell-side analysts forecast that Univest Financial Co. will post 2.43 EPS for the current fiscal year.
Univest Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.21 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.84 annualized dividend and a yield of 2.83%. Univest Financial's dividend payout ratio is presently 33.73%.
Institutional Investors Weigh In On Univest Financial
Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Univest Financial by 91.3% during the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider's stock worth $1,875,000 after purchasing an additional 31,783 shares during the last quarter. Geode Capital Management LLC raised its stake in Univest Financial by 3.5% in the third quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider's stock valued at $19,826,000 after buying an additional 23,770 shares in the last quarter. Jane Street Group LLC lifted its holdings in Univest Financial by 75.8% during the 3rd quarter. Jane Street Group LLC now owns 48,782 shares of the financial services provider's stock worth $1,373,000 after buying an additional 21,030 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of Univest Financial by 58.8% during the 3rd quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider's stock worth $2,013,000 after acquiring an additional 26,473 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Univest Financial by 2,713.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock worth $41,000 after acquiring an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.
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.
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