Univest Financial (UVSP) Upgraded at BidaskClub

BidaskClub upgraded shares of Univest Financial (NASDAQ:UVSP) from a strong sell rating to a sell rating in a research report released on Wednesday.

Separately, ValuEngine cut Univest Financial from a hold rating to a sell rating in a research note on Wednesday, November 7th.

Shares of Univest Financial stock opened at $26.21 on Wednesday. Univest Financial has a 52-week low of $20.18 and a 52-week high of $30.15. The stock has a market capitalization of $761.01 million, a P/E ratio of 12.98 and a beta of 0.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. Univest Financial had a return on equity of 9.72% and a net margin of 20.16%. The business had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $55.10 million. As a group, sell-side analysts forecast that Univest Financial will post 2.2 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in UVSP. Acadian Asset Management LLC bought a new stake in shares of Univest Financial during the fourth quarter valued at about $123,000. SRS Capital Advisors Inc. bought a new stake in shares of Univest Financial during the third quarter valued at about $153,000. Bank of Montreal Can increased its position in shares of Univest Financial by 557.2% during the fourth quarter. Bank of Montreal Can now owns 8,255 shares of the financial services provider’s stock valued at $178,000 after buying an additional 6,999 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Univest Financial by 330.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,466 shares of the financial services provider’s stock valued at $183,000 after buying an additional 6,501 shares during the period. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Univest Financial during the third quarter valued at about $209,000. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Univest Financial Company Profile

Univest Financial Corporation operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

Featured Article: Why do corrections happen?

Receive News & Ratings for Univest Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univest Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply