Univest Financial (NASDAQ:UVSP) Shares Pass Above 200 Day Moving Average of $20.87

Univest Financial Co. (NASDAQ:UVSP)’s share price crossed 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.

Wall Street Analysts Forecast Growth

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

Univest Financial Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $656.82 million, a PE ratio of 9.39 and a beta of 0.86. The stock’s 50 day moving average is $21.90 and its two-hundred day moving average is $20.88.

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

Univest Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 7th. Univest Financial’s payout ratio is 35.15%.

Insider Activity

In related news, CEO Jeffrey M. Schweitzer sold 9,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $22.55, for a total transaction of $202,950.00. Following the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at $2,033,716.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.09% of the company’s stock.

Institutional Trading of Univest Financial

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in 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 acquiring an additional 1,094 shares during the period. Lindbrook Capital LLC increased its position in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Univest Financial by 27.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,194 shares during the last quarter. Parallel Advisors LLC boosted its stake in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,714 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Univest Financial by 10.7% during the first quarter. BNP Paribas Financial Markets now owns 19,713 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 1,909 shares during the last quarter. Hedge funds and other institutional investors 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.