Univest Corporation of Pennsylvania (UVSP) Downgraded by ValuEngine

Univest Corporation of Pennsylvania (NASDAQ:UVSP) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, October 4th. Sandler O’Neill downgraded shares of Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Monday, September 25th. Finally, BidaskClub downgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.67.

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) remained flat at $$28.65 during trading hours on Wednesday. 86,700 shares of the company were exchanged, compared to its average volume of 87,543. Univest Corporation of Pennsylvania has a 52-week low of $25.40 and a 52-week high of $32.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $764.51, a P/E ratio of 17.58 and a beta of 0.62.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Univest Corporation of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. The company had revenue of $51.00 million for the quarter. equities research analysts predict that Univest Corporation of Pennsylvania will post 1.74 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Univest Corporation of Pennsylvania in the third quarter valued at $122,000. BNP Paribas Arbitrage SA lifted its stake in Univest Corporation of Pennsylvania by 518.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,195 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Univest Corporation of Pennsylvania in the second quarter valued at $205,000. Brandywine Global Investment Management LLC lifted its stake in Univest Corporation of Pennsylvania by 30.2% in the second quarter. Brandywine Global Investment Management LLC now owns 7,070 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 1,640 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Univest Corporation of Pennsylvania in the second quarter valued at $232,000. 61.37% of the stock is owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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