Research analysts at StockNews.com started coverage on shares of Univest Financial (NASDAQ:UVSP – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.
Other analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered Univest Financial from an “outperform” rating to a “market perform” rating in a report on Thursday. TheStreet downgraded shares of Univest Financial from a “b-” rating to a “c+” rating in a report on Thursday, September 7th.
View Our Latest Research Report on Univest Financial
Univest Financial Stock Performance
Univest Financial (NASDAQ:UVSP – Get Free Report) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $74.16 million for the quarter, compared to analysts’ expectations of $75.91 million. Univest Financial had a return on equity of 10.66% and a net margin of 20.85%. On average, sell-side analysts anticipate that Univest Financial will post 2.33 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised its holdings in Univest Financial by 333.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,900 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 3,000 shares in the last quarter. Raymond James & Associates purchased a new position in Univest Financial in the 1st quarter worth $369,000. Bank of New York Mellon Corp increased its stake in Univest Financial by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 203,722 shares of the financial services provider’s stock worth $5,452,000 after purchasing an additional 6,108 shares during the period. American Century Companies Inc. grew its position in shares of Univest Financial by 25.5% in the 1st quarter. American Century Companies Inc. now owns 50,352 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 10,239 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Univest Financial by 59.6% in the first quarter. MetLife Investment Management LLC now owns 15,049 shares of the financial services provider’s stock worth $403,000 after buying an additional 5,621 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.
Univest Financial Company Profile
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.
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