Univest Co. of Pennsylvania (NASDAQ:UVSP) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. ValuEngine lowered Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.33.

Shares of NASDAQ:UVSP opened at $26.90 on Wednesday. Univest Co. of Pennsylvania has a one year low of $26.60 and a one year high of $32.35. The firm has a market cap of $801.25 million, a PE ratio of 16.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.01 and a quick ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Univest Co. of Pennsylvania had a return on equity of 7.74% and a net margin of 16.54%. The company had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.20 million. equities research analysts expect that Univest Co. of Pennsylvania will post 1.58 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Univest Co. of Pennsylvania by 25.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,704 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 2,144 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Univest Co. of Pennsylvania by 26.6% in the first quarter. JPMorgan Chase & Co. now owns 10,452 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 2,195 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Univest Co. of Pennsylvania by 7.4% in the first quarter. California Public Employees Retirement System now owns 34,886 shares of the financial services provider’s stock valued at $966,000 after purchasing an additional 2,409 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Univest Co. of Pennsylvania by 40.8% in the first quarter. Citigroup Inc. now owns 8,665 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,513 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Univest Co. of Pennsylvania by 6.3% in the first quarter. California State Teachers Retirement System now owns 43,501 shares of the financial services provider’s stock valued at $1,205,000 after purchasing an additional 2,572 shares in the last quarter. Institutional investors own 66.53% of the company’s stock.

About Univest Co. of Pennsylvania

Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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