Univest Financial (NASDAQ:UVSP) Shares Gap Up to $25.67

Univest Financial Co. (NASDAQ:UVSP – Get Rating)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $25.67, but opened at $26.39. Univest Financial shares last traded at $25.92, with a volume of 110 shares changing hands.

A number of analysts have recently commented on the company. Zacks Investment Research raised Univest Financial from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, February 1st. StockNews.com assumed coverage on Univest Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

The firm has a fifty day simple moving average of $26.02 and a 200 day simple moving average of $28.34. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $759.95 million, a price-to-earnings ratio of 9.54 and a beta of 0.97.

Univest Financial (NASDAQ:UVSP – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. The company had revenue of $67.13 million for the quarter, compared to analyst estimates of $66.57 million. Univest Financial had a return on equity of 10.45% and a net margin of 27.43%. During the same period in the prior year, the company posted $1.11 EPS. On average, equities analysts expect that Univest Financial Co. will post 2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.27%. This is a positive change from Univest Financial’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, May 10th. Univest Financial’s dividend payout ratio (DPR) is presently 31.23%.

Several hedge funds have recently bought and sold shares of the company. Barclays PLC raised its stake in Univest Financial by 8.9% during the 3rd quarter. Barclays PLC now owns 53,584 shares of the financial services provider’s stock worth $1,467,000 after buying an additional 4,358 shares during the period. Trust Co. of Vermont bought a new position in Univest Financial during the fourth quarter worth about $210,000. Virginia Retirement Systems ET AL grew its holdings in Univest Financial by 5.8% during the fourth quarter. Virginia Retirement Systems ET AL now owns 14,600 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 800 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Univest Financial during the fourth quarter worth about $8,772,000. Finally, Quadrant Capital Group LLC grew its holdings in Univest Financial by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,203 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 437 shares during the period. 72.15% of the stock is currently owned by institutional investors.

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, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.

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