Univest Financial Corp (NASDAQ:UVSP) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 330,300 shares, an increase of 21.7% from the January 15th total of 271,400 shares. Based on an average trading volume of 77,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 1.2% of the shares of the company are short sold.
A number of research analysts have issued reports on UVSP shares. BidaskClub downgraded Univest Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. Raymond James started coverage on shares of Univest Financial in a report on Tuesday, November 26th. They set an “outperform” rating and a $29.00 target price for the company. Finally, ValuEngine lowered shares of Univest Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 14th.
Several large investors have recently made changes to their positions in the company. Virginia Retirement Systems ET AL boosted its holdings in Univest Financial by 2.3% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 18,100 shares of the financial services provider’s stock worth $462,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Univest Financial by 5.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,374 shares of the financial services provider’s stock valued at $225,000 after buying an additional 406 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Univest Financial by 6.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 10,568 shares of the financial services provider’s stock worth $283,000 after buying an additional 632 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Univest Financial by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,826 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 663 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Univest Financial by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 93,748 shares of the financial services provider’s stock valued at $2,511,000 after buying an additional 786 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.
UVSP opened at $25.87 on Friday. The company has a fifty day moving average of $26.08 and a two-hundred day moving average of $25.90. The stock has a market capitalization of $752.53 million, a price-to-earnings ratio of 11.55 and a beta of 0.78. Univest Financial has a fifty-two week low of $23.27 and a fifty-two week high of $27.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98.
Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $58.60 million for the quarter, compared to analyst estimates of $58.16 million. Univest Financial had a net margin of 23.51% and a return on equity of 10.20%. On average, equities research analysts forecast that Univest Financial will post 2.13 earnings per share for the current year.
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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