Univest Co. of Pennsylvania (UVSP) Rating Increased to Buy at BidaskClub

Univest Co. of Pennsylvania (NASDAQ:UVSP) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, December 22nd. ValuEngine cut Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $33.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.33.

Shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) opened at $26.95 on Wednesday. The stock has a market capitalization of $781.13, a PE ratio of 17.73 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00. Univest Co. of Pennsylvania has a 1 year low of $25.65 and a 1 year high of $32.35.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $50.86 million during the quarter. Univest Co. of Pennsylvania had a return on equity of 8.68% and a net margin of 19.84%. research analysts anticipate that Univest Co. of Pennsylvania will post 1.85 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in Univest Co. of Pennsylvania by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,684 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 135 shares during the period. California Public Employees Retirement System lifted its position in Univest Co. of Pennsylvania by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 51,700 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 200 shares during the period. BLB&B Advisors LLC lifted its position in Univest Co. of Pennsylvania by 1.5% during the 3rd quarter. BLB&B Advisors LLC now owns 31,853 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 486 shares during the period. Prudential Financial Inc. lifted its position in Univest Co. of Pennsylvania by 0.6% during the 2nd quarter. Prudential Financial Inc. now owns 87,534 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 500 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Univest Co. of Pennsylvania by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 47,853 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 546 shares during the period. 57.11% of the stock is owned by institutional investors.

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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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