Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Univest Financial (NASDAQ:UVSP)

Keefe, Bruyette & Woods restated their market perform rating on shares of Univest Financial (NASDAQ:UVSP) in a report published on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a $23.00 price target on the financial services provider’s stock, up from their previous price target of $22.00.

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

Univest Financial Trading Up 0.5 %

Shares of UVSP stock opened at $21.34 on Friday. The company has a 50 day moving average of $19.84 and a 200-day moving average of $19.72. 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 firm has a market cap of $630.17 million, a P/E ratio of 8.93 and a beta of 0.89.

Univest Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 dividend on an annualized basis and a yield of 3.94%. Univest Financial’s dividend payout ratio is 35.15%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Univest Financial by 2,103.8% in 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 buying an additional 1,094 shares in the last quarter. Lindbrook Capital LLC grew its stake 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 valued at $27,000 after buying an additional 1,162 shares in the last quarter. Quantbot Technologies LP grew its stake in Univest Financial by 1,029.9% in the 3rd quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. Parallel Advisors LLC grew its stake in Univest Financial by 307.7% in the 4th quarter. Parallel Advisors LLC now owns 2,271 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,714 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Univest Financial by 212.8% in the 4th quarter. Signaturefd LLC now owns 2,853 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,941 shares during the period. 75.07% of the stock is currently owned by hedge funds and other 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.