Univest Financial (NASDAQ:UVSP) Shares Gap Up to $17.49

Univest Financial Co. (NASDAQ:UVSP)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $17.49, but opened at $17.96. Univest Financial shares last traded at $17.96, with a volume of 33,802 shares changing hands.

Wall Street Analyst Weigh In

UVSP has been the topic of several research analyst reports. TheStreet downgraded Univest Financial from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. StockNews.com began coverage on shares of Univest Financial in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

Univest Financial Stock Down 0.3 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $18.70 and a 200-day moving average price of $20.32. The firm has a market cap of $527.51 million, a P/E ratio of 6.41 and a beta of 0.90.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Univest Financial had a net margin of 20.85% and a return on equity of 10.66%. The firm had revenue of $74.16 million for the quarter, compared to the consensus estimate of $75.91 million. On average, equities analysts forecast that Univest Financial Co. will post 2.28 EPS for the current fiscal year.

Univest Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Tuesday, August 8th. Univest Financial’s payout ratio is currently 30.00%.

Institutional Investors Weigh In On Univest Financial

A number of institutional investors have recently added to or reduced their stakes in UVSP. US Bancorp DE boosted its position in Univest Financial by 112.6% during the second quarter. US Bancorp DE now owns 1,437 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 761 shares in the last quarter. Signaturefd LLC boosted its stake in Univest Financial by 141.9% in the second quarter. Signaturefd LLC now owns 1,589 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 932 shares in the last quarter. Captrust Financial Advisors boosted its stake in Univest Financial by 38.3% in the second quarter. Captrust Financial Advisors now owns 1,525 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 422 shares in the last quarter. Royal Bank of Canada boosted its stake in Univest Financial by 101.1% in the second quarter. Royal Bank of Canada now owns 3,335 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Univest Financial by 396.6% in the second quarter. Quadrant Capital Group LLC now owns 3,397 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 2,713 shares in the last quarter. Institutional investors own 73.34% 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 Pennsylvania. 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.