Univest Financial (NASDAQ:UVSP) Reaches New 12-Month Low at $23.79

Univest Financial Co. (NASDAQ:UVSPGet Rating) shares hit a new 52-week low on Friday . The stock traded as low as $23.79 and last traded at $23.86, with a volume of 241 shares traded. The stock had previously closed at $24.21.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UVSP shares. StockNews.com upgraded shares of Univest Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James cut their price objective on shares of Univest Financial from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th.

Univest Financial Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $710.46 million, a P/E ratio of 9.96 and a beta of 0.87. The stock’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $25.83.

Univest Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.84 annualized dividend and a yield of 3.50%. Univest Financial’s dividend payout ratio is presently 34.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Univest Financial by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,047,076 shares of the financial services provider’s stock worth $54,780,000 after purchasing an additional 22,214 shares during the last quarter. Pzena Investment Management LLC increased its position in Univest Financial by 0.6% during the first quarter. Pzena Investment Management LLC now owns 1,731,120 shares of the financial services provider’s stock worth $46,325,000 after buying an additional 9,522 shares during the period. Vanguard Group Inc. increased its position in Univest Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,517,814 shares of the financial services provider’s stock worth $40,617,000 after buying an additional 30,579 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Univest Financial by 2.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,335,306 shares of the financial services provider’s stock valued at $35,733,000 after purchasing an additional 32,203 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Univest Financial by 1.1% during the first quarter. Renaissance Technologies LLC now owns 852,769 shares of the financial services provider’s stock worth $22,820,000 after purchasing an additional 9,042 shares during the last quarter. Hedge funds and other institutional investors own 72.93% of the company’s stock.

About Univest Financial

(Get Rating)

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 provides 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.

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