Stephens Reaffirms Equal Weight Rating for Univest Financial (NASDAQ:UVSP)

Univest Financial (NASDAQ:UVSP)‘s stock had its “equal weight” rating reiterated by equities researchers at Stephens in a research note issued to investors on Thursday,Benzinga reports. They currently have a $31.00 price objective on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 5.80% from the company’s current price.

Separately, Piper Sandler raised their price target on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, October 25th.

Univest Financial Stock Down 2.2 %

Shares of NASDAQ UVSP traded down $0.65 during trading on Thursday, reaching $29.30. The company had a trading volume of 22,692 shares, compared to its average volume of 76,347. The stock has a market cap of $850.87 million, a PE ratio of 11.82 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial has a 12-month low of $18.41 and a 12-month high of $32.75. The business’s 50-day moving average is $30.42 and its 200 day moving average is $28.49.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. As a group, equities analysts forecast that Univest Financial will post 2.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Univest Financial

Institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Univest Financial by 91.3% in the 3rd quarter. Barclays PLC now owns 66,603 shares of the financial services provider’s stock valued at $1,875,000 after purchasing an additional 31,783 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Univest Financial by 64.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,531 shares of the financial services provider’s stock valued at $2,913,000 after purchasing an additional 40,545 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Univest Financial by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 704,445 shares of the financial services provider’s stock valued at $19,826,000 after purchasing an additional 23,770 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Univest Financial by 75.8% in the 3rd quarter. Jane Street Group LLC now owns 48,782 shares of the financial services provider’s stock valued at $1,373,000 after purchasing an additional 21,030 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Univest Financial by 58.8% in the 3rd quarter. Martingale Asset Management L P now owns 71,530 shares of the financial services provider’s stock valued at $2,013,000 after purchasing an additional 26,473 shares during the last quarter. 75.07% of the stock is owned by institutional investors.

About Univest Financial

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.