IndexIQ Advisors LLC decreased its stake in Univest Financial Corp (NASDAQ:UVSP) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,161 shares of the financial services provider’s stock after selling 10,526 shares during the quarter. IndexIQ Advisors LLC owned approximately 0.11% of Univest Financial worth $888,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of UVSP. New York State Teachers Retirement System purchased a new stake in Univest Financial in the third quarter worth about $64,000. SG Americas Securities LLC purchased a new stake in Univest Financial in the third quarter worth about $109,000. Bailard Inc. purchased a new stake in Univest Financial in the fourth quarter worth about $220,000. Meeder Asset Management Inc. increased its position in Univest Financial by 199.0% in the third quarter. Meeder Asset Management Inc. now owns 8,818 shares of the financial services provider’s stock worth $225,000 after buying an additional 5,869 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Univest Financial by 50.2% in the third quarter. Russell Investments Group Ltd. now owns 9,189 shares of the financial services provider’s stock worth $234,000 after buying an additional 3,070 shares in the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.
A number of brokerages have commented on UVSP. ValuEngine cut Univest Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Raymond James began coverage on Univest Financial in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $29.00 price target for the company. Finally, BidaskClub cut Univest Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 8th.
NASDAQ UVSP opened at $25.70 on Friday. The firm has a market cap of $753.70 million, a price-to-earnings ratio of 11.47 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $26.06 and a 200-day moving average price of $25.89. Univest Financial Corp has a twelve month low of $23.27 and a twelve month high of $27.80.
Univest Financial (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $58.60 million during the quarter, compared to analyst estimates of $58.16 million. Univest Financial had a return on equity of 10.20% and a net margin of 23.51%. Research analysts expect that Univest Financial Corp will post 2.13 EPS for the current fiscal year.
Univest Financial 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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