Univest Corporation of Pennsylvania (NASDAQ:UVSP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other research analysts also recently issued reports on UVSP. Keefe, Bruyette & Woods reissued a “buy” rating and set a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. ValuEngine raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Sandler O’Neill began coverage on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, April 12th. They set a “buy” rating on the stock.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 0.34% on Thursday, reaching $29.75. 6,961 shares of the company traded hands. The stock’s 50 day moving average price is $29.97 and its 200-day moving average price is $28.61. The stock has a market capitalization of $793.25 million, a P/E ratio of 26.83 and a beta of 0.69. Univest Corporation of Pennsylvania has a one year low of $21.71 and a one year high of $31.50.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.04%. The company had revenue of $51.31 million for the quarter. Equities analysts forecast that Univest Corporation of Pennsylvania will post $1.77 earnings per share for the current fiscal year.

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In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.62% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UVSP. BNP Paribas Arbitrage SA increased its position in shares of Univest Corporation of Pennsylvania by 518.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock worth $114,000 after buying an additional 3,195 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Univest Corporation of Pennsylvania during the first quarter worth about $181,000. Sei Investments Co. increased its position in shares of Univest Corporation of Pennsylvania by 33.7% in the second quarter. Sei Investments Co. now owns 9,868 shares of the financial services provider’s stock worth $296,000 after buying an additional 2,489 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Univest Corporation of Pennsylvania by 8.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,673 shares of the financial services provider’s stock worth $361,000 after buying an additional 921 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Univest Corporation of Pennsylvania by 15.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,428 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,761 shares during the last quarter. 61.78% of the stock is currently owned by institutional investors and hedge funds.

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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