Univest Co. of Pennsylvania (UVSP) Downgraded by ValuEngine

Univest Co. of Pennsylvania (NASDAQ:UVSP) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, February 5th.

UVSP has been the topic of a number of other reports. Piper Jaffray Companies restated 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. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price objective on shares of Univest Co. of Pennsylvania in a report on Friday, December 22nd. Finally, BidaskClub cut Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Univest Co. of Pennsylvania currently has a consensus rating of “Hold” and a consensus target price of $33.33.

Shares of Univest Co. of Pennsylvania (NASDAQ UVSP) traded down $0.25 during mid-day trading on Monday, reaching $26.95. The company had a trading volume of 140,731 shares, compared to its average volume of 123,201. The stock has a market cap of $797.91, a price-to-earnings ratio of 16.59 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 one year low of $25.65 and a one year high of $32.35.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business 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%. equities analysts predict that Univest Co. of Pennsylvania will post 1.85 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Standard Life Aberdeen plc raised its position in Univest Co. of Pennsylvania by 19.2% in the fourth quarter. Standard Life Aberdeen plc now owns 2,531,482 shares of the financial services provider’s stock valued at $71,071,000 after purchasing an additional 408,343 shares during the period. Monashee Investment Management LLC purchased a new stake in Univest Co. of Pennsylvania in the fourth quarter valued at approximately $1,804,000. Citadel Advisors LLC raised its position in Univest Co. of Pennsylvania by 12.6% in the fourth quarter. Citadel Advisors LLC now owns 50,862 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 5,707 shares during the period. BlackRock Inc. raised its position in Univest Co. of Pennsylvania by 1.3% in the fourth quarter. BlackRock Inc. now owns 1,799,686 shares of the financial services provider’s stock valued at $50,483,000 after purchasing an additional 22,961 shares during the period. Finally, FSI Group LLC purchased a new stake in Univest Co. of Pennsylvania in the fourth quarter valued at approximately $1,472,000. 58.10% of the stock is currently owned by hedge funds and other 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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