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

ValuEngine downgraded shares of Univest Financial (NASDAQ:UVSP) from a hold rating to a sell rating in a research report sent to investors on Thursday, ValuEngine reports.

UVSP traded down $0.20 during trading on Thursday, hitting $26.50. The stock had a trading volume of 52,344 shares, compared to its average volume of 101,291. The stock has a market cap of $781.98 million, a P/E ratio of 12.14 and a beta of 0.76. Univest Financial has a twelve month low of $20.18 and a twelve month high of $29.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $26.02.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Univest Financial had a net margin of 24.51% and a return on equity of 10.30%. The business had revenue of $58.99 million during the quarter, compared to the consensus estimate of $58.10 million. On average, sell-side analysts anticipate that Univest Financial will post 2.18 EPS for the current fiscal year.

In related news, Director Robert C. Wonderling acquired 2,500 shares of the stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $25.04 per share, for a total transaction of $62,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.64% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. IndexIQ Advisors LLC purchased a new position in shares of Univest Financial during the first quarter worth $1,566,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Univest Financial by 330.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,466 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,501 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Univest Financial by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,897,325 shares of the financial services provider’s stock worth $40,925,000 after purchasing an additional 130,091 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Univest Financial by 1.8% during the fourth quarter. Northern Trust Corp now owns 420,327 shares of the financial services provider’s stock worth $9,067,000 after purchasing an additional 7,238 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Univest Financial by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 339,871 shares of the financial services provider’s stock worth $7,331,000 after purchasing an additional 16,854 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

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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