ValuEngine Downgrades Univest Corporation of Pennsylvania (UVSP) to Hold

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

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies restated 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. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, October 4th. Finally, Sandler O’Neill lowered shares of Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Univest Corporation of Pennsylvania has an average rating of “Hold” and an average price target of $32.67.



Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at $28.95 on Wednesday. The firm has a market cap of $767.17, a PE ratio of 17.64 and a beta of 0.62. Univest Corporation of Pennsylvania has a 52-week low of $25.65 and a 52-week 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.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly 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 business had revenue of $51.00 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. analysts anticipate that Univest Corporation of Pennsylvania will post 1.74 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in Univest Corporation of Pennsylvania by 518.7% in 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 last quarter. SG Americas Securities LLC acquired a new position in Univest Corporation of Pennsylvania in the 3rd quarter valued at about $122,000. HighTower Advisors LLC acquired a new position in Univest Corporation of Pennsylvania in the 2nd quarter valued at about $205,000. Brandywine Global Investment Management LLC boosted its holdings in Univest Corporation of Pennsylvania by 30.2% in 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 last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Univest Corporation of Pennsylvania in the 2nd quarter valued at about $232,000. Institutional investors own 61.37% of the company’s stock.

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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