Univest Financial (NASDAQ:UVSP) Shares Cross Above Two Hundred Day Moving Average of $20.87

Univest Financial Co. (NASDAQ:UVSP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.87 and traded as high as $23.06. Univest Financial shares last traded at $23.05, with a volume of 39,772 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $23.00 price target (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

Univest Financial Price Performance

The business has a fifty day moving average price of $21.90 and a 200 day moving average price of $20.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $656.82 million, a price-to-earnings ratio of 9.39 and a beta of 0.86.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12. The business had revenue of $77.06 million for the quarter, compared to analyst estimates of $71.40 million. Univest Financial had a net margin of 14.98% and a return on equity of 8.35%. On average, research analysts expect that Univest Financial Co. will post 2.11 earnings per share for the current fiscal year.

Univest Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, May 7th. Univest Financial’s dividend payout ratio (DPR) is presently 35.15%.

Insider Activity at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 9,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $22.55, for a total value of $202,950.00. Following the transaction, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,033,716.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.09% of the company’s stock.

Institutional Trading of Univest Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of Univest Financial by 2,103.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,094 shares during the period. Lindbrook Capital LLC grew its position in Univest Financial by 1,787.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,162 shares in the last quarter. Parallel Advisors LLC raised its stake in Univest Financial by 307.7% during the 4th quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,714 shares during the period. Signaturefd LLC lifted its holdings in shares of Univest Financial by 212.8% in the fourth quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,941 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Univest Financial by 95.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock worth $94,000 after buying an additional 2,094 shares during the period. Institutional investors and hedge funds own 75.07% of the company’s stock.

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.