Univest Financial (NASDAQ:UVSP) Stock Crosses Above Two Hundred Day Moving Average of $17.08


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Shares of Univest Financial Co. (NASDAQ:UVSP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.08 and traded as high as $23.55. Univest Financial shares last traded at $23.46, with a volume of 87,794 shares changing hands.

Several research firms have commented on UVSP. Zacks Investment Research raised shares of Univest Financial from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Saturday, October 31st. TheStreet raised shares of Univest Financial from a “c+” rating to a “b” rating in a research report on Tuesday, November 17th. Raymond James increased their price objective on shares of Univest Financial from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Piper Sandler decreased their price objective on shares of Univest Financial from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, September 28th. Finally, ValuEngine raised shares of Univest Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Univest Financial currently has a consensus rating of “Buy” and an average price target of $19.25.

The company’s fifty day moving average is $20.42 and its two-hundred day moving average is $17.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $686.60 million, a price-to-earnings ratio of 19.07 and a beta of 1.03.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.18. Univest Financial had a net margin of 12.95% and a return on equity of 5.56%. The company had revenue of $65.66 million for the quarter, compared to the consensus estimate of $61.85 million. On average, sell-side analysts anticipate that Univest Financial Co. will post 0.8 EPS for the current fiscal year.

In other news, Director William S. Aichele sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $18.36, for a total transaction of $165,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey M. Schweitzer sold 1,567 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $18.50, for a total transaction of $28,989.50. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in shares of Univest Financial during the 2nd quarter worth approximately $37,000. Nisa Investment Advisors LLC acquired a new stake in shares of Univest Financial during the 3rd quarter worth approximately $40,000. BNP Paribas Arbitrage SA grew its stake in shares of Univest Financial by 529.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,585 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 5,539 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Univest Financial by 25.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,497 shares of the financial services provider’s stock valued at $141,000 after buying an additional 711 shares in the last quarter. Finally, Weld Capital Management LLC purchased a new position in shares of Univest Financial during the 3rd quarter valued at approximately $150,000. 70.15% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Company Profile (NASDAQ:UVSP)

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services, and equipment lease financing for individuals, businesses, municipalities, and nonprofit organizations.

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