BidaskClub lowered shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research analysts have also issued reports on the company. ValuEngine lowered Univest Co. of Pennsylvania from a buy rating to a hold rating in a research report on Wednesday, November 15th. Keefe, Bruyette & Woods restated a hold rating and set a $34.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, December 22nd. Sandler O’Neill lowered 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, Piper Jaffray Companies restated 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $33.33.

Univest Co. of Pennsylvania (NASDAQ:UVSP) opened at $28.20 on Friday. Univest Co. of Pennsylvania has a 12-month low of $25.65 and a 12-month high of $32.35. The stock has a market capitalization of $820.26, a P/E ratio of 18.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last announced its 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). Univest Co. of Pennsylvania had a net margin of 18.71% and a return on equity of 8.35%. The business had revenue of $51.00 million for the quarter. equities research analysts forecast that Univest Co. of Pennsylvania will post 1.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Friday, December 15th. Univest Co. of Pennsylvania’s dividend payout ratio is presently 52.29%.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Univest Co. of Pennsylvania by 518.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,195 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Univest Co. of Pennsylvania during the third quarter valued at approximately $122,000. HighTower Advisors LLC bought a new stake in shares of Univest Co. of Pennsylvania during the second quarter valued at approximately $205,000. Brandywine Global Investment Management LLC raised its stake in shares of 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 valued at $212,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Univest Co. of Pennsylvania during the second quarter valued at approximately $232,000. 58.15% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/univest-co-of-pennsylvania-uvsp-stock-rating-lowered-by-bidaskclub/1799764.html.

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.

Receive News & Ratings for Univest Co. of Pennsylvania Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univest Co. of Pennsylvania and related companies with Analyst Ratings Network's FREE daily email newsletter.