Univest Financial (NASDAQ:UVSP) coverage initiated by StockNews.com analysts

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StockNews.com began to cover the shares of Univest Financial (NASDAQ:UVSP – Get a rating) in a report released Thursday. The brokerage has set a “hold” rating on the shares of the financial services provider.

Separately, Zacks Investment Research upgraded Univest Financial from a “hold” rating to a “buy” rating and set a price target of $34.00 on the stock in a Tuesday, Feb. 1 research report.

UVSP stock opened at $26.96 on Thursday. The company has a debt ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $796.05 million, a price-earnings ratio of 8.64 and a beta of 1.03. The company’s fifty-day moving average price is $29.01 and its two-hundred-day moving average price is $28.95. Univest Financial has a fifty-two-week low of $24.65 and a fifty-two-week high of $31.93.

Univest Financial (NASDAQ:UVSP – Get a rating) last released its quarterly earnings data on Wednesday, January 26. The financial services provider reported earnings per share of $0.59 for the quarter, missing the consensus estimate of $0.63 per ($0.04). The company posted revenue of $66.72 million for the quarter, versus a consensus estimate of $68.20 million. Univest Financial achieved a return on equity of 12.27% and a net margin of 31.34%. In the same quarter of the previous year, the company achieved EPS of $0.92. Research analysts expect Univest Financial to post EPS of 2.4 for the current year.

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Several hedge funds and other institutional investors have recently changed their holdings in UVSP. River Oaks Capital LLC bought a new position in shares of Univest Financial in the fourth quarter for a value of $1,635,000. The Manufacturers Life Insurance Company increased its position in Univest Financial by 65.6% in the third quarter. The Manufacturers Life Insurance Company now owns 1,284,106 shares of the financial services provider valued at $35,171,000 after acquiring an additional 508,810 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Univest Financial in the fourth quarter, valued at approximately $8,772,000. Assenagon Asset Management SA bought a new position in Univest Financial in the fourth quarter worth approximately $2,857,000. Finally, Logan Capital Management Inc. increased its position in Univest Financial by 2,660.1% in the third quarter. Logan Capital Management Inc. now owns 50,427 shares of the financial services provider valued at $1,381,000 after acquiring an additional 48,600 shares in the last quarter. Institutional investors hold 73.12% of the company’s shares.

About Univest Financial (Get a rating)

Univest Financial Corporation operates as a bank holding company for Univest Bank and Trust Co which provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management and Insurance. The Banking segment provides a range of banking services, such as taking deposits, making and servicing loans, mortgage banking services, other general banking services and equipment rental financing services for individuals , businesses, municipalities and non-profit organizations.

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