Univest Financial (NASDAQ:UVSP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Univest Financial Co. (NASDAQ:UVSP)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $28.75 and traded as high as $31.09. Univest Financial shares last traded at $30.80, with a volume of 87,286 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stephens reissued an “equal weight” rating and set a $31.00 price objective on shares of Univest Financial in a research note on Thursday, January 23rd. Piper Sandler upped their price target on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Univest Financial Stock Down 1.3 %

The company has a market capitalization of $882.53 million, a price-to-earnings ratio of 11.73 and a beta of 0.89. The business has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $28.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. As a group, equities analysts predict that Univest Financial Co. will post 2.36 EPS for the current year.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, February 5th. Univest Financial’s dividend payout ratio is presently 32.43%.

Institutional Trading of Univest Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Univest Financial in the third quarter valued at approximately $25,000. International Assets Investment Management LLC increased its holdings in shares of Univest Financial by 2,713.5% in the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,411 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Univest Financial in the third quarter valued at $79,000. CWM LLC raised its stake in Univest Financial by 66.1% during the 3rd quarter. CWM LLC now owns 6,196 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 2,465 shares during the period. Finally, Centiva Capital LP acquired a new stake in Univest Financial during the 3rd quarter valued at $209,000. 75.07% of the stock is owned by institutional investors.

About Univest Financial

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.