Univest Financial (NASDAQ:UVSP) Rating Increased to Sell at BidaskClub

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Univest Financial (NASDAQ:UVSP) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

Several other brokerages have also recently commented on UVSP. Raymond James initiated coverage on Univest Financial in a report on Tuesday, November 26th. They set an “outperform” rating and a $29.00 target price on the stock. ValuEngine downgraded Univest Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, Zacks Investment Research raised Univest Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

Univest Financial stock opened at $26.24 on Friday. The stock has a market cap of $764.26 million, a price-to-earnings ratio of 12.99 and a beta of 0.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $25.83 and its two-hundred day moving average price is $25.60. Univest Financial has a 52 week low of $20.18 and a 52 week high of $27.80.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $59.24 million during the quarter. Univest Financial had a net margin of 24.88% and a return on equity of 10.41%. Research analysts expect that Univest Financial will post 2.24 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in UVSP. New York State Teachers Retirement System acquired a new stake in Univest Financial in the 3rd quarter valued at about $64,000. Meeder Asset Management Inc. bought a new stake in Univest Financial during the second quarter worth approximately $77,000. SG Americas Securities LLC bought a new stake in Univest Financial during the third quarter worth approximately $109,000. Hendershot Investments Inc. acquired a new position in Univest Financial in the second quarter worth approximately $202,000. Finally, Russell Investments Group Ltd. grew its position in Univest Financial by 50.2% in the third quarter. Russell Investments Group Ltd. now owns 9,189 shares of the financial services provider’s stock worth $234,000 after buying an additional 3,070 shares during the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.

About Univest Financial

Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

Further Reading: 52 Week Highs and Lows

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