Univest Financial (NASDAQ:UVSP) Sets New 52-Week High – What’s Next?

Shares of Univest Financial Co. (NASDAQ:UVSP) hit a new 52-week high on Monday . The company traded as high as $32.51 and last traded at $32.50, with a volume of 4765 shares traded. The stock had previously closed at $31.55.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, October 25th.

Univest Financial Trading Up 1.9 %

The firm’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $26.00. The stock has a market cap of $933.35 million, a P/E ratio of 12.67 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. The firm had revenue of $126.59 million for the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. During the same period in the previous year, the firm earned $0.58 earnings per share. Equities research analysts expect that Univest Financial Co. will post 2.35 EPS for the current fiscal year.

Univest Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial’s payout ratio is 33.73%.

Insiders Place Their Bets

In other news, COO Michael S. Keim sold 3,633 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total value of $104,485.08. Following the transaction, the chief operating officer now owns 55,679 shares in the company, valued at $1,601,328.04. This trade represents a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at $2,570,329.50. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,321 shares of company stock worth $324,721. Corporate insiders own 2.09% of the company’s stock.

Institutional Investors Weigh In On Univest Financial

A number of hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of Univest Financial in the 3rd quarter valued at about $25,000. Innealta Capital LLC bought a new position in Univest Financial during the 2nd quarter valued at approximately $28,000. International Assets Investment Management LLC boosted its holdings in Univest Financial by 2,713.5% in the third quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,411 shares in the last quarter. CWM LLC boosted its position in Univest Financial by 212.7% during the 2nd quarter. CWM LLC now owns 3,731 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,538 shares in the last quarter. Finally, Comerica Bank raised its holdings in Univest Financial by 11,533.8% in the first quarter. Comerica Bank now owns 8,609 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 8,535 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

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.