Univest Corporation of Pennsylvania (NASDAQ:UVSP)‘s stock had its “market perform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday.

A number of other brokerages also recently issued reports on UVSP. Sandler O’Neill downgraded Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Monday, September 25th. BidaskClub raised Univest Corporation of Pennsylvania from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, ValuEngine raised Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) traded down 2.95% during midday trading on Wednesday, reaching $31.20. The company’s stock had a trading volume of 180,754 shares. The stock’s 50-day moving average price is $29.80 and its 200 day moving average price is $29.10. The firm has a market capitalization of $831.92 million, a PE ratio of 28.13 and a beta of 0.69. Univest Corporation of Pennsylvania has a 1-year low of $22.76 and a 1-year high of $32.35.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $51.31 million during the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.04% and a net margin of 13.95%. Equities analysts anticipate that Univest Corporation of Pennsylvania will post $1.75 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of UVSP. Nationwide Fund Advisors lifted its holdings in shares of Univest Corporation of Pennsylvania by 71.6% in the 1st quarter. Nationwide Fund Advisors now owns 60,828 shares of the financial services provider’s stock valued at $1,575,000 after purchasing an additional 25,372 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Univest Corporation of Pennsylvania by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 101,306 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 2,073 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the 1st quarter valued at about $181,000. Neuberger Berman Group LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 3.1% in the 1st quarter. Neuberger Berman Group LLC now owns 243,603 shares of the financial services provider’s stock valued at $6,309,000 after purchasing an additional 7,226 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Univest Corporation of Pennsylvania in the 1st quarter valued at about $408,000. 61.73% 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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