BidaskClub lowered shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) from a hold rating to a sell rating in a research report released on Wednesday.

Other research analysts have also recently issued reports about the stock. Sandler O’Neill assumed coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, April 12th. They set a buy rating on the stock. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a hold rating to a buy rating in a research report on Friday, June 2nd.

Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 0.83% during trading on Wednesday, hitting $29.75. The stock had a trading volume of 65,701 shares. The company has a market capitalization of $793.16 million, a price-to-earnings ratio of 32.06 and a beta of 0.69. Univest Corporation of Pennsylvania has a 12-month low of $19.97 and a 12-month high of $31.50. The stock has a 50 day moving average price of $29.59 and a 200 day moving average price of $28.52.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $49.25 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 11.75% and a return on equity of 7.31%. Equities research analysts forecast that Univest Corporation of Pennsylvania will post $1.73 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, June 5th. Univest Corporation of Pennsylvania’s payout ratio is currently 85.11%.

In related news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania 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 Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. FMR LLC increased its stake in Univest Corporation of Pennsylvania by 104.8% in the first 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 during the period. Aberdeen Asset Management PLC UK boosted its position in shares of Univest Corporation of Pennsylvania by 21.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,683,486 shares of the financial services provider’s stock worth $43,645,000 after buying an additional 296,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Univest Corporation of Pennsylvania by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,165,290 shares of the financial services provider’s stock worth $30,181,000 after buying an additional 113,436 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Univest Corporation of Pennsylvania by 20.7% in the first quarter. Renaissance Technologies LLC now owns 497,569 shares of the financial services provider’s stock worth $12,887,000 after buying an additional 85,480 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Univest Corporation of Pennsylvania by 8.4% in the first quarter. Vanguard Group Inc. now owns 1,063,838 shares of the financial services provider’s stock worth $27,552,000 after buying an additional 82,471 shares in the last quarter. 61.66% of the stock is owned by hedge funds and other institutional investors.

About Univest Corporation 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.

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