Univest Financial’s (UVSP) “Equal Weight” Rating Reiterated at Stephens

Stephens reissued their equal weight rating on shares of Univest Financial (NASDAQ:UVSPFree Report) in a research note issued to investors on Thursday,Benzinga reports. Stephens currently has a $31.00 target price on the financial services provider’s stock.

Separately, Piper Sandler raised their price objective on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Get Our Latest Analysis on Univest Financial

Univest Financial Stock Performance

Univest Financial stock opened at $30.28 on Thursday. The company has a market cap of $879.33 million, a price-to-earnings ratio of 11.69 and a beta of 0.89. Univest Financial has a 12 month low of $18.41 and a 12 month high of $32.75. 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’s 50-day moving average is $30.38 and its 200-day moving average is $28.60.

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

Univest Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. Univest Financial’s dividend payout ratio (DPR) is 32.43%.

Hedge Funds Weigh In On Univest Financial

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Univest Financial by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,724 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 488 shares during the period. JPMorgan Chase & Co. raised its stake in Univest Financial by 64.4% during the third quarter. JPMorgan Chase & Co. now owns 103,531 shares of the financial services provider’s stock worth $2,913,000 after acquiring an additional 40,545 shares during the period. Franklin Resources Inc. lifted its holdings in Univest Financial by 35.9% in the third quarter. Franklin Resources Inc. now owns 48,312 shares of the financial services provider’s stock worth $1,348,000 after acquiring an additional 12,771 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Univest Financial in the third quarter worth about $79,000. Finally, Geode Capital Management LLC boosted its stake in Univest Financial by 3.5% in the third quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after acquiring an additional 23,770 shares during the period. 75.07% of the stock is currently owned by institutional investors.

About Univest Financial

(Get Free Report)

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.

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