Raymond James & Associates Increases Stake in Univest Financial Co. (NASDAQ:UVSP)

Raymond James & Associates raised its holdings in Univest Financial Co. (NASDAQ:UVSP) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,774 shares of the financial services provider’s stock after buying an additional 4,255 shares during the period. Raymond James & Associates owned approximately 0.10% of Univest Financial worth $678,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its position in shares of Univest Financial by 5.4% during the third quarter. FMR LLC now owns 2,556,151 shares of the financial services provider’s stock worth $44,426,000 after buying an additional 130,584 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Univest Financial by 186.3% in the 3rd quarter. AQR Capital Management LLC now owns 329,731 shares of the financial services provider’s stock valued at $5,731,000 after purchasing an additional 214,572 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Univest Financial by 37.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 300,547 shares of the financial services provider’s stock valued at $5,224,000 after purchasing an additional 82,107 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Univest Financial by 14.9% during the 3rd quarter. American Century Companies Inc. now owns 265,738 shares of the financial services provider’s stock worth $4,619,000 after purchasing an additional 34,521 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Univest Financial by 78.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 180,994 shares of the financial services provider’s stock worth $3,146,000 after purchasing an additional 79,472 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

Univest Financial Stock Performance

Shares of UVSP opened at $20.00 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. Univest Financial Co. has a 52-week low of $16.10 and a 52-week high of $22.49. The stock has a 50 day moving average price of $19.79 and a 200 day moving average price of $19.62. The company has a market capitalization of $590.58 million, a price-to-earnings ratio of 8.20 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note 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.