BidaskClub Downgrades Univest Co. of Pennsylvania (UVSP) to Hold

BidaskClub downgraded shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) from a buy rating to a hold rating in a research note released on Friday.

Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Univest Co. of Pennsylvania from a hold rating to a buy rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reiterated a hold rating and set a $34.00 price objective on shares of Univest Co. of Pennsylvania in a research report on Friday, December 22nd. Piper Jaffray Companies reiterated a buy rating and set a $33.00 price objective on shares of Univest Co. of Pennsylvania in a research report on Friday, October 27th. Finally, Sandler O’Neill cut shares of Univest Co. of Pennsylvania from a buy rating to a hold rating and set a $33.00 price objective on the stock. in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $33.33.

Univest Co. of Pennsylvania (NASDAQ:UVSP) traded up $0.50 during midday trading on Friday, hitting $28.30. The company’s stock had a trading volume of 166,000 shares, compared to its average volume of 136,675. The company has a market capitalization of $820.26, a PE ratio of 18.50 and a beta of 0.60. Univest Co. 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 current ratio of 1.00 and a quick ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The company had revenue of $51.00 million during the quarter. Univest Co. of Pennsylvania had a net margin of 18.71% and a return on equity of 8.35%. sell-side analysts predict that Univest Co. of Pennsylvania will post 1.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, December 15th. Univest Co. of Pennsylvania’s dividend payout ratio is currently 52.29%.

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Univest Co. of Pennsylvania by 22.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,634 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 4,484 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Univest Co. of Pennsylvania by 33.7% in the third quarter. Bank of New York Mellon Corp now owns 671,101 shares of the financial services provider’s stock worth $21,475,000 after purchasing an additional 169,172 shares in the last quarter. Swiss National Bank boosted its holdings in Univest Co. of Pennsylvania by 8.8% in the second quarter. Swiss National Bank now owns 44,278 shares of the financial services provider’s stock worth $1,326,000 after purchasing an additional 3,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Univest Co. of Pennsylvania by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,229,488 shares of the financial services provider’s stock worth $36,824,000 after purchasing an additional 64,198 shares in the last quarter. Finally, Monarch Partners Asset Management LLC boosted its holdings in Univest Co. of Pennsylvania by 15.1% in the third quarter. Monarch Partners Asset Management LLC now owns 101,905 shares of the financial services provider’s stock worth $3,261,000 after purchasing an additional 13,395 shares in the last quarter. Institutional investors and hedge funds own 58.15% of the company’s stock.

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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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