Univest Co. of Pennsylvania (UVSP) Downgraded by BidaskClub

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

UVSP has been the subject of a number of other research reports. ValuEngine downgraded shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Keefe, Bruyette & Woods downgraded shares of Univest Co. of Pennsylvania from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $33.00 to $32.00 in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $33.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Univest Co. of Pennsylvania currently has an average rating of “Hold” and an average target price of $33.33.

Univest Co. of Pennsylvania (NASDAQ UVSP) opened at $27.75 on Thursday. Univest Co. of Pennsylvania has a 52 week low of $25.65 and a 52 week high of $32.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $826.05, a P/E ratio of 16.92 and a beta of 0.60.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $51.00 million for the quarter. Univest Co. of Pennsylvania had a net margin of 19.84% and a return on equity of 8.68%. analysts expect that Univest Co. of Pennsylvania will post 1.68 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its position in Univest Co. of Pennsylvania by 7.9% during the 2nd quarter. Voya Investment Management LLC now owns 16,139 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 1,179 shares during the period. Brandywine Global Investment Management LLC increased its position in Univest Co. of Pennsylvania by 30.2% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 7,070 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 1,640 shares during the period. California Public Employees Retirement System increased its position in Univest Co. of Pennsylvania by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 42,577 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 1,877 shares during the period. TIAA CREF Investment Management LLC increased its position in Univest Co. of Pennsylvania by 2.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 84,022 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 2,179 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Univest Co. of Pennsylvania by 518.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,195 shares during the period. 58.15% of the stock is owned by institutional investors and hedge funds.

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About Univest Co. 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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