Univest Financial Co. (NASDAQ:UVSP) Position Lifted by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Univest Financial Co. (NASDAQ:UVSP) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,774 shares of the financial services provider’s stock after buying an additional 4,255 shares during the quarter. Raymond James & Associates’ holdings in Univest Financial were worth $678,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Quantbot Technologies LP boosted its position in shares of Univest Financial by 1,029.9% during the third quarter. Quantbot Technologies LP now owns 2,000 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,823 shares during the period. Everhart Financial Group Inc. acquired a new position in shares of Univest Financial in the 3rd quarter worth $190,000. Bailard Inc. acquired a new position in shares of Univest Financial in the third quarter worth about $191,000. Aigen Investment Management LP acquired a new stake in Univest Financial during the 3rd quarter valued at $208,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Univest Financial by 15.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 12,188 shares of the financial services provider’s stock worth $212,000 after buying an additional 1,650 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.

Univest Financial Stock Performance

Shares of NASDAQ:UVSP opened at $20.00 on Thursday. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $22.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $590.58 million, a P/E ratio of 8.20 and a beta of 0.89. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $19.62.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Univest Financial had a return on equity of 8.89% and a net margin of 15.85%. The company had revenue of $71.38 million for the quarter, compared to the consensus estimate of $70.32 million. Equities research analysts predict that Univest Financial Co. will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st.

About Univest Financial

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. 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.