BidaskClub Upgrades Univest Financial (NASDAQ:UVSP) to “Sell”

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

UVSP has been the topic of a number of other research reports. Stephens initiated coverage on Univest Financial in a research note on Monday, June 1st. They issued an “overweight” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Univest Financial from a “strong sell” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, June 25th. Finally, ValuEngine lowered Univest Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.33.

UVSP stock opened at $15.57 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $16.16 and its two-hundred day simple moving average is $16.25. Univest Financial has a twelve month low of $13.20 and a twelve month high of $27.54. The firm has a market cap of $455.06 million, a price-to-earnings ratio of 12.66 and a beta of 0.99.

Univest Financial (NASDAQ:UVSP) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). Univest Financial had a return on equity of 5.56% and a net margin of 12.95%. The business had revenue of $61.52 million during the quarter, compared to analysts’ expectations of $59.02 million. Research analysts expect that Univest Financial will post 0.8 EPS for the current year.

Several institutional investors have recently made changes to their positions in UVSP. Private Advisor Group LLC purchased a new position in shares of Univest Financial during the second quarter valued at $37,000. SG Americas Securities LLC grew its stake in Univest Financial by 45.3% in the first quarter. SG Americas Securities LLC now owns 6,224 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Univest Financial by 277.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,268 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 5,341 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Univest Financial by 168.7% in the first quarter. BNP Paribas Arbitrage SA now owns 8,932 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 5,608 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Univest Financial by 27.3% in the first quarter. Citigroup Inc. now owns 9,364 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,006 shares during the last quarter. Hedge funds and other institutional investors own 70.15% 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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