Univest Financial (NASDAQ:UVSP) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Univest Financial Co. (NASDAQ:UVSP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.95 and traded as high as $29.49. Univest Financial shares last traded at $28.97, with a volume of 71,490 shares changing hands.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target 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.

Univest Financial Stock Down 1.2 %

The firm has a fifty day moving average price of $30.57 and a 200 day moving average price of $28.00. The firm has a market capitalization of $831.21 million, a price-to-earnings ratio of 11.49 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.07. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. The company had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same period in the previous year, the firm posted $0.58 earnings per share. Sell-side analysts anticipate that Univest Financial Co. will post 2.43 EPS for the current fiscal year.

Univest Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial's dividend payout ratio is 33.73%.

Hedge Funds Weigh In On Univest Financial

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Univest Financial by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 174,115 shares of the financial services provider's stock valued at $3,975,000 after buying an additional 6,724 shares during the period. Rhumbline Advisers raised its holdings in shares of Univest Financial by 1.1% during the second quarter. Rhumbline Advisers now owns 47,766 shares of the financial services provider's stock worth $1,090,000 after acquiring an additional 503 shares during the period. American Century Companies Inc. boosted its stake in Univest Financial by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 482,089 shares of the financial services provider's stock worth $11,006,000 after purchasing an additional 83,599 shares during the period. Sei Investments Co. boosted its position in shares of Univest Financial by 19.0% during the second quarter. Sei Investments Co. now owns 141,638 shares of the financial services provider's stock worth $3,233,000 after buying an additional 22,644 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Univest Financial by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,210,351 shares of the financial services provider's stock worth $27,632,000 after acquiring an additional 12,401 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Company Profile

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.