Univest Financial (UVSP) Downgraded to “Sell” at ValuEngine

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Univest Financial (NASDAQ:UVSP) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Separately, BidaskClub upgraded Univest Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th.

NASDAQ UVSP opened at $25.75 on Thursday. Univest Financial has a 12 month low of $20.18 and a 12 month high of $30.15. The stock has a market capitalization of $751.05 million, a price-to-earnings ratio of 12.75 and a beta of 0.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00.

Univest Financial (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Univest Financial had a return on equity of 9.72% and a net margin of 20.16%. The firm had revenue of $55.79 million for the quarter, compared to analyst estimates of $55.10 million. Equities research analysts expect that Univest Financial will post 2.2 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in shares of Univest Financial in the 4th quarter valued at about $123,000. Bank of Montreal Can lifted its stake in shares of Univest Financial by 557.2% in the 4th quarter. Bank of Montreal Can now owns 8,255 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 6,999 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Univest Financial by 330.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,466 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,501 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Univest Financial by 60.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 9,287 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 3,490 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Univest Financial in the 4th quarter valued at about $211,000. 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.

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