Sandler O’Neill cut shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) from a buy rating to a hold rating in a research note issued to investors on Monday. They currently have $33.00 price target on the financial services provider’s stock.

UVSP has been the subject of several other research reports. ValuEngine raised Univest Corporation of Pennsylvania from a hold rating to a buy rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a buy rating and issued a $33.00 price objective on shares of Univest Corporation of Pennsylvania in a report on Thursday, July 27th. Finally, BidaskClub lowered Univest Corporation of Pennsylvania from a hold rating to a sell rating in a report on Wednesday, July 19th.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at 31.95 on Monday. The company has a market cap of $851.91 million, a PE ratio of 28.81 and a beta of 0.70. Univest Corporation of Pennsylvania has a 12 month low of $22.75 and a 12 month high of $32.15. The stock has a 50 day moving average of $29.39 and a 200-day moving average of $28.80.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a return on equity of 8.04% and a net margin of 13.95%. The company had revenue of $51.31 million during the quarter. Equities analysts forecast that Univest Corporation of Pennsylvania will post $1.75 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date is Tuesday, September 12th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 72.07%.

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in Univest Corporation of Pennsylvania by 104.8% during the 1st quarter. FMR LLC now owns 835,172 shares of the financial services provider’s stock valued at $21,631,000 after buying an additional 427,338 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in Univest Corporation of Pennsylvania by 20.9% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,035,854 shares of the financial services provider’s stock valued at $60,974,000 after buying an additional 352,368 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Univest Corporation of Pennsylvania by 149.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 501,929 shares of the financial services provider’s stock valued at $15,033,000 after buying an additional 300,970 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Univest Corporation of Pennsylvania by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,165,290 shares of the financial services provider’s stock valued at $30,181,000 after buying an additional 113,436 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Univest Corporation of Pennsylvania by 20.7% during the 1st quarter. Renaissance Technologies LLC now owns 497,569 shares of the financial services provider’s stock valued at $12,887,000 after buying an additional 85,480 shares in the last quarter. 61.73% of the stock is 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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