Univest Co. of Pennsylvania (UVSP) Cut to Hold at BidaskClub

BidaskClub lowered shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) from a buy rating to a hold rating in a research report released on Friday, January 5th.

Several other equities research analysts have also recently commented on UVSP. Keefe, Bruyette & Woods reissued a market perform rating on shares of Univest Co. of Pennsylvania in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed 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. Sandler O’Neill cut Univest Co. of Pennsylvania from a buy rating to a hold rating and set a $33.00 target price for the company. in a research report on Monday, September 25th. Finally, ValuEngine upgraded Univest Co. of Pennsylvania from a hold rating to a buy rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $33.33.

Univest Co. of Pennsylvania (NASDAQ UVSP) traded down $0.10 during trading hours on Friday, reaching $28.55. The company’s stock had a trading volume of 257,700 shares, compared to its average volume of 140,567. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. Univest Co. of Pennsylvania has a 52 week low of $25.65 and a 52 week high of $32.35. The stock has a market cap of $827.50, a PE ratio of 18.66 and a beta of 0.60.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm 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 forecast that Univest Co. of Pennsylvania will post 1.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. Univest Co. of Pennsylvania’s payout ratio is 52.29%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC raised its stake in shares of Univest Co. of Pennsylvania by 7.9% in the second 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 in the last quarter. Brandywine Global Investment Management LLC raised its stake in Univest Co. of Pennsylvania by 30.2% during the second quarter. Brandywine Global Investment Management LLC now owns 7,070 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 1,640 shares in the last quarter. California Public Employees Retirement System raised its stake in Univest Co. of Pennsylvania by 4.6% during the third quarter. California Public Employees Retirement System now owns 42,577 shares of the financial services provider’s stock worth $1,362,000 after acquiring an additional 1,877 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Univest Co. of Pennsylvania by 2.7% during the second quarter. TIAA CREF Investment Management LLC now owns 84,022 shares of the financial services provider’s stock worth $2,516,000 after acquiring an additional 2,179 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Univest Co. of Pennsylvania by 33.7% during the second quarter. Sei Investments Co. now owns 9,868 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 2,489 shares in the last quarter. Institutional investors and hedge funds own 58.15% of the company’s stock.

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Univest Co. 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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