Univest Financial (NASDAQ:UVSP) Hits New 1-Year High at $22.67

Univest Financial Co. (NASDAQ:UVSP)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $22.67 and last traded at $22.36, with a volume of 29753 shares changing hands. The stock had previously closed at $22.25.

Wall Street Analysts Forecast Growth

UVSP has been the topic of a number of recent research reports. Piper Sandler upped 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. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

Univest Financial Price Performance

The firm has a fifty day moving average price of $20.00 and a two-hundred day moving average price of $19.84. The company has a quick ratio of 1.06, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $655.06 million, a P/E ratio of 9.36 and a beta of 0.87.

Univest Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.75%. Univest Financial’s dividend payout ratio is presently 35.15%.

Institutional Investors Weigh In On Univest Financial

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in Univest Financial by 2,103.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,094 shares during the period. Lindbrook Capital LLC grew its position in Univest Financial by 1,787.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,227 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,162 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Univest Financial by 27.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,597 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,194 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Univest Financial by 15.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 12,188 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 1,650 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Univest Financial by 2.7% in the third quarter. Swiss National Bank now owns 64,778 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 1,700 shares during 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.