Univest Financial (NASDAQ:UVSP) Earns Market Perform Rating from Keefe, Bruyette & Woods

Univest Financial (NASDAQ:UVSP)‘s stock had its “market perform” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They currently have a $23.00 target price on the financial services provider’s stock, up from their previous target price of $22.00. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.34% from the company’s current price.

Separately, Piper Sandler boosted their target price on shares of Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st.

Univest Financial Stock Up 3.3 %

UVSP stock opened at $21.23 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. Univest Financial has a 12-month low of $16.10 and a 12-month high of $22.49. The company has a 50 day moving average of $19.81 and a two-hundred day moving average of $19.66. The company has a market cap of $626.92 million, a price-to-earnings ratio of 8.88 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $71.38 million for the quarter, compared to analyst estimates of $70.32 million. Univest Financial had a return on equity of 8.42% and a net margin of 14.98%. On average, equities analysts anticipate that Univest Financial will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Univest Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Univest Financial by 95.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,281 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 2,094 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Univest Financial by 8.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,197,934 shares of the financial services provider’s stock worth $26,390,000 after buying an additional 98,009 shares during the period. Parallel Advisors LLC grew its holdings in Univest Financial by 307.7% during the fourth quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,714 shares during the period. Quadrant Capital Group LLC increased its position in shares of Univest Financial by 82.9% in the 4th quarter. Quadrant Capital Group LLC now owns 9,062 shares of the financial services provider’s stock valued at $200,000 after buying an additional 4,108 shares in the last quarter. Finally, Boston Partners increased its stake in Univest Financial by 4.7% during the 4th quarter. Boston Partners now owns 439,664 shares of the financial services provider’s stock worth $9,589,000 after purchasing an additional 19,707 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

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.