Univest Financial (NASDAQ:UVSP) Given “Equal Weight” Rating at Stephens

Stephens reissued their equal weight rating on shares of Univest Financial (NASDAQ:UVSP) in a research report sent to investors on Thursday morning,Benzinga reports. Stephens currently has a $31.00 price objective on the financial services provider’s stock.

Separately, Piper Sandler upped their price objective on shares of 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 Price Performance

NASDAQ:UVSP opened at $29.86 on Thursday. The stock has a 50 day moving average of $30.42 and a two-hundred day moving average of $28.49. Univest Financial has a 12 month low of $18.41 and a 12 month high of $32.75. The firm has a market cap of $867.13 million, a P/E ratio of 11.53 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, beating 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%. On average, analysts expect that Univest Financial 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. Shareholders of record on Wednesday, February 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, February 5th. Univest Financial’s dividend payout ratio (DPR) is presently 32.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC increased its position in Univest Financial by 91.3% during the third quarter. Barclays PLC now owns 66,603 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 31,783 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Univest Financial by 64.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,531 shares of the financial services provider’s stock worth $2,913,000 after buying an additional 40,545 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Univest Financial by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after buying an additional 23,770 shares during the period. Jane Street Group LLC lifted its holdings in Univest Financial by 75.8% in the third quarter. Jane Street Group LLC now owns 48,782 shares of the financial services provider’s stock valued at $1,373,000 after acquiring an additional 21,030 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in Univest Financial by 58.8% in the third quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider’s stock worth $2,013,000 after acquiring an additional 26,473 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.