ValuEngine Downgrades Univest Financial (NASDAQ:UVSP) to Sell

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

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Univest Financial from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised Univest Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st.

Univest Financial stock opened at $26.07 on Thursday. The business has a 50 day moving average price of $25.40 and a two-hundred day moving average price of $25.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a market cap of $763.67 million, a price-to-earnings ratio of 12.91 and a beta of 0.78. Univest Financial has a 12 month low of $20.18 and a 12 month high of $27.80.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm had revenue of $59.24 million during the quarter. Univest Financial had a return on equity of 10.41% and a net margin of 24.88%.

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Univest Financial in the 3rd quarter worth approximately $64,000. Meeder Asset Management Inc. bought a new stake in Univest Financial during the 2nd quarter worth approximately $77,000. SG Americas Securities LLC bought a new stake in Univest Financial during the 3rd quarter worth approximately $109,000. Hendershot Investments Inc. bought a new stake in Univest Financial during the 2nd quarter worth approximately $202,000. Finally, Russell Investments Group Ltd. grew its position in Univest Financial by 50.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,189 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 3,070 shares during the last quarter. 67.94% of the stock is owned by institutional investors and hedge funds.

Univest Financial Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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