Univest Corporation of Pennsylvania (NASDAQ:UVSP) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently weighed in on the stock. Sandler O’Neill started coverage on shares of Univest Corporation of Pennsylvania in a research note on Wednesday, April 12th. They set a “buy” rating on the stock. ValuEngine raised Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $33.00 target price on shares of Univest Corporation of Pennsylvania in a report on Thursday, July 27th.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 2.11% during mid-day trading on Wednesday, hitting $30.15. 36,888 shares of the stock traded hands. Univest Corporation of Pennsylvania has a one year low of $21.48 and a one year high of $31.50. The stock has a market cap of $804.01 million, a PE ratio of 27.16 and a beta of 0.69. The stock has a 50-day moving average of $29.92 and a 200 day moving average of $28.54.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $51.31 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.09% and a net margin of 13.95%. Equities analysts predict that Univest Corporation of Pennsylvania will post $1.73 EPS for the current fiscal year.

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In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total transaction of $59,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Univest Corp of Pennsylvania boosted its position in Univest Corporation of Pennsylvania by 0.6% in the third quarter. Univest Corp of Pennsylvania now owns 838,825 shares of the financial services provider’s stock valued at $19,595,000 after buying an additional 4,922 shares during the period. Neuberger Berman Group LLC boosted its position in Univest Corporation of Pennsylvania by 10.5% in the fourth quarter. Neuberger Berman Group LLC now owns 225,540 shares of the financial services provider’s stock valued at $4,705,000 after buying an additional 21,400 shares during the period. Wells Fargo & Company MN boosted its position in Univest Corporation of Pennsylvania by 2.5% in the third quarter. Wells Fargo & Company MN now owns 109,166 shares of the financial services provider’s stock valued at $2,550,000 after buying an additional 2,649 shares during the period. Aberdeen Asset Management PLC UK boosted its position in Univest Corporation of Pennsylvania by 35.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 383,510 shares of the financial services provider’s stock valued at $7,425,000 after buying an additional 99,800 shares during the period. Finally, State Street Corp boosted its position in Univest Corporation of Pennsylvania by 15.7% in the fourth quarter. State Street Corp now owns 563,497 shares of the financial services provider’s stock valued at $17,412,000 after buying an additional 76,424 shares during the period. 61.67% of the stock is currently owned by institutional investors.

About Univest Corporation of Pennsylvania

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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