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

A number of other brokerages have also recently commented on UVSP. BidaskClub raised Univest Corporation of Pennsylvania from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, October 4th. Sandler O’Neill cut Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Monday, September 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $33.00 price target on shares of Univest Corporation of Pennsylvania in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Univest Corporation of Pennsylvania has a consensus rating of “Hold” and a consensus price target of $32.67.

Shares of Univest Corporation of Pennsylvania (UVSP) remained flat at $$28.65 during mid-day trading on Wednesday. The company’s stock had a trading volume of 86,700 shares, compared to its average volume of 87,543. Univest Corporation of Pennsylvania has a twelve month low of $25.40 and a twelve month high of $32.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $764.51, a PE ratio of 17.58 and a beta of 0.62.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share 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 business had revenue of $51.00 million for the quarter. research analysts predict that Univest Corporation of Pennsylvania will post 1.74 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Aberdeen Asset Management PLC UK lifted its holdings in shares of Univest Corporation of Pennsylvania by 20.9% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,035,854 shares of the financial services provider’s stock valued at $60,974,000 after buying an additional 352,368 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Univest Corporation of Pennsylvania by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,278,172 shares of the financial services provider’s stock valued at $40,902,000 after buying an additional 48,684 shares during the period. FMR LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 30.3% in the 2nd quarter. FMR LLC now owns 1,088,107 shares of the financial services provider’s stock valued at $32,589,000 after buying an additional 252,935 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Univest Corporation of Pennsylvania by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,076,894 shares of the financial services provider’s stock valued at $32,253,000 after buying an additional 13,056 shares during the period. Finally, Univest Corp of Pennsylvania raised its holdings in Univest Corporation of Pennsylvania by 2.9% in the 2nd quarter. Univest Corp of Pennsylvania now owns 742,747 shares of the financial services provider’s stock worth $22,245,000 after purchasing an additional 20,841 shares during the period. 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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