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

Univest Financial Co. (NASDAQ:UVSP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

UVSP has been the subject of a number of recent analyst reports. Piper Sandler lifted their price objective on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stephens reissued an “equal weight” rating and set a $31.00 price target on shares of Univest Financial in a research report on Thursday, January 23rd.

Univest Financial Stock Performance

The stock has a 50-day simple moving average of $30.37 and a 200-day simple moving average of $28.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $894.43 million, a PE ratio of 11.89 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. Equities analysts predict that Univest Financial Co. will post 2.32 earnings per share for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, February 5th. Univest Financial’s payout ratio is 32.43%.

Institutional Investors Weigh In On Univest Financial

Several institutional investors and hedge funds have recently modified their holdings of UVSP. Capital Performance Advisors LLP purchased a new stake in shares of Univest Financial in the third quarter worth about $25,000. International Assets Investment Management LLC boosted its holdings in 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 purchasing an additional 1,411 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Univest Financial in the third quarter valued at about $79,000. CWM LLC boosted its holdings in Univest Financial by 66.1% in the third 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 last quarter. Finally, Centiva Capital LP purchased a new position in Univest Financial in the third quarter valued at about $209,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

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.