Univest Financial (NASDAQ:UVSP) Cut to Sell at ValuEngine

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

UVSP has been the topic of several other research reports. BidaskClub cut shares of Univest Financial from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded shares of Univest Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st.

Shares of Univest Financial stock opened at $24.97 on Thursday. The company has a market capitalization of $731.87 million, a P/E ratio of 12.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $25.33 and a 200 day moving average of $25.42. Univest Financial has a fifty-two week low of $20.18 and a fifty-two week high of $27.80.

Univest Financial (NASDAQ:UVSP) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $58.99 million during the quarter, compared to the consensus estimate of $58.10 million. Univest Financial had a net margin of 24.51% and a return on equity of 10.19%.

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in Univest Financial in the 2nd quarter worth $77,000. Hendershot Investments Inc. purchased a new stake in Univest Financial in the 2nd quarter worth $202,000. Alberta Investment Management Corp purchased a new stake in Univest Financial in the 2nd quarter worth $247,000. AQR Capital Management LLC raised its position in shares of Univest Financial by 10.1% during the 2nd quarter. AQR Capital Management LLC now owns 9,721 shares of the financial services provider’s stock valued at $255,000 after buying an additional 894 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Univest Financial during the 2nd quarter valued at about $257,000. Institutional investors and hedge funds own 67.66% of the company’s stock.

About Univest Financial

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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