Shares of Univest Financial Corp (NASDAQ:UVSP) have received an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.75.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Univest Financial from a “strong sell” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, June 25th. BidaskClub lowered Univest Financial from a “sell” rating to a “strong sell” rating in a research report on Friday. Piper Sandler dropped their price target on 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 lowered Univest Financial from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UVSP. Pzena Investment Management LLC lifted its holdings in Univest Financial by 11.3% in the second quarter. Pzena Investment Management LLC now owns 1,636,614 shares of the financial services provider’s stock valued at $26,415,000 after acquiring an additional 165,812 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Univest Financial by 183.7% in the first quarter. JPMorgan Chase & Co. now owns 64,375 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 41,682 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Univest Financial in the second quarter valued at approximately $608,000. Bank of America Corp DE lifted its holdings in Univest Financial by 17.0% in the second quarter. Bank of America Corp DE now owns 246,307 shares of the financial services provider’s stock valued at $3,975,000 after acquiring an additional 35,797 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in Univest Financial by 17.6% in the second quarter. State of Wisconsin Investment Board now owns 194,500 shares of the financial services provider’s stock valued at $3,139,000 after acquiring an additional 29,100 shares during the last quarter. Hedge funds and other institutional investors own 70.15% of the company’s stock.
NASDAQ:UVSP traded up $0.38 during trading hours on Monday, hitting $14.78. 60,215 shares of the stock were exchanged, compared to its average volume of 119,835. Univest Financial has a 52-week low of $13.20 and a 52-week high of $27.54. The firm’s fifty day moving average price is $15.74 and its 200 day moving average price is $15.78. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $431.98 million, a P/E ratio of 12.02 and a beta of 0.99.
Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.18). Univest Financial had a return on equity of 5.56% and a net margin of 12.95%. The firm had revenue of $61.52 million for the quarter, compared to analysts’ expectations of $59.02 million. Equities analysts expect that Univest Financial will post 0.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.41%. Univest Financial’s dividend payout ratio (DPR) is presently 35.40%.
Univest Financial Company Profile
Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.
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