Short Interest in Univest Financial Co. (NASDAQ:UVSP) Expands By 44.8%

Univest Financial Co. (NASDAQ:UVSPGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 430,900 shares, an increase of 44.8% from the April 30th total of 297,500 shares. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 4.8 days. Approximately 1.5% of the company’s shares are short sold.

Several analysts have recently weighed in on UVSP shares. Zacks Investment Research raised shares of Univest Financial from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, February 1st. StockNews.com started coverage on shares of Univest Financial in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Shares of Univest Financial stock opened at $25.97 on Friday. The company has a 50 day moving average price of $25.89 and a 200 day moving average price of $28.24. The firm has a market capitalization of $768.53 million, a P/E ratio of 9.65 and a beta of 0.97. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.13. Univest Financial has a 52 week low of $24.40 and a 52 week high of $31.93.

Univest Financial (NASDAQ:UVSPGet Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.09. The company had revenue of $67.13 million for the quarter, compared to the consensus estimate of $66.57 million. Univest Financial had a net margin of 27.43% and a return on equity of 10.45%. During the same quarter in the previous year, the firm earned $1.11 EPS. As a group, research analysts anticipate that Univest Financial will post 2.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, May 10th. This is an increase from Univest Financial’s previous quarterly dividend of $0.20. Univest Financial’s payout ratio is currently 31.23%.

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in Univest Financial by 270.5% during the 2nd quarter. Morgan Stanley now owns 33,206 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 24,243 shares during the last quarter. Millennium Management LLC purchased a new stake in Univest Financial during the 2nd quarter valued at about $541,000. BlackRock Inc. grew its stake in Univest Financial by 0.5% during the 3rd quarter. BlackRock Inc. now owns 2,906,597 shares of the financial services provider’s stock valued at $79,612,000 after purchasing an additional 13,644 shares during the last quarter. Barclays PLC grew 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 valued at $1,467,000 after purchasing an additional 4,358 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Univest Financial by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 31,671 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 3,154 shares during the last quarter. 72.15% of the stock is currently owned by institutional investors.

Univest Financial Company Profile (Get Rating)

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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