Univest Financial (NASDAQ:UVSP) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Univest Financial (NASDAQ:UVSP) from a sell rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Univest Corporation of Pennsylvania is a bank holding company. It owns all of the capital stock of Union National Bank and Trust Company, Pennview Savings Bank, Univest Realty Corporation, Univest Leasing Corporation, Univest Delaware, Inc., Univest Financial Services Corporation, Univest Insurance Company, and Univest Electronic Services Corporation. “

Separately, ValuEngine lowered Univest Financial from a hold rating to a sell rating in a research report on Thursday, August 1st.



Shares of UVSP stock opened at $24.99 on Wednesday. The firm has a market cap of $753.15 million, a P/E ratio of 12.37 and a beta of 0.76. Univest Financial has a fifty-two week low of $20.18 and a fifty-two week high of $28.85. The business’s 50 day moving average price is $26.10 and its 200-day moving average price is $25.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $58.99 million for the quarter, compared to analyst estimates of $58.10 million. Univest Financial had a return on equity of 10.19% and a net margin of 24.51%. As a group, equities analysts predict that Univest Financial will post 2.18 EPS for the current year.

Several hedge funds have recently modified their holdings of UVSP. Nuveen Asset Management LLC bought a new stake in shares of Univest Financial in the 2nd quarter worth approximately $8,492,000. Wells Fargo & Company MN grew its position in shares of Univest Financial by 75.8% in the 2nd quarter. Wells Fargo & Company MN now owns 446,826 shares of the financial services provider’s stock worth $11,733,000 after buying an additional 192,707 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Univest Financial by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,897,325 shares of the financial services provider’s stock worth $40,925,000 after buying an additional 130,091 shares during the last quarter. Impax Asset Management Group plc bought a new stake in shares of Univest Financial in the 2nd quarter worth approximately $3,071,000. Finally, Bank of America Corp DE grew its position in shares of Univest Financial by 754.2% in the 4th quarter. Bank of America Corp DE now owns 116,261 shares of the financial services provider’s stock worth $2,508,000 after buying an additional 102,651 shares during the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

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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