Univest Corporation of Pennsylvania (NASDAQ:UVSP) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other equities analysts have also issued reports on UVSP. 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. BidaskClub lowered Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

Univest Corporation of Pennsylvania (NASDAQ UVSP) traded up 1.72% during mid-day trading on Friday, hitting $29.65. The company had a trading volume of 64,218 shares. The firm has a market cap of $790.59 million, a P/E ratio of 26.74 and a beta of 0.69. Univest Corporation of Pennsylvania has a 52-week low of $22.24 and a 52-week high of $31.50. The stock’s 50 day moving average price is $29.72 and its 200 day moving average price is $28.73.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $51.31 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.04% and a net margin of 13.95%. On average, equities research analysts predict that Univest Corporation of Pennsylvania will post $1.77 EPS for the current fiscal year.

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In related news, Director Michael L. Turner sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total value of $59,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.62% of the company’s stock.

A number of institutional investors have recently modified their holdings of UVSP. Teachers Advisors LLC raised its position in shares of Univest Corporation of Pennsylvania by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 46,227 shares of the financial services provider’s stock worth $1,428,000 after buying an additional 873 shares during the period. Nationwide Fund Advisors raised its position in shares of Univest Corporation of Pennsylvania by 71.6% in the first quarter. Nationwide Fund Advisors now owns 60,828 shares of the financial services provider’s stock worth $1,575,000 after buying an additional 25,372 shares during the period. Wells Fargo & Company MN raised its position in shares of Univest Corporation of Pennsylvania by 2.1% in the first quarter. Wells Fargo & Company MN now owns 101,306 shares of the financial services provider’s stock worth $2,624,000 after buying an additional 2,073 shares during the period. LSV Asset Management raised its position in shares of Univest Corporation of Pennsylvania by 6.7% in the first quarter. LSV Asset Management now owns 79,800 shares of the financial services provider’s stock worth $2,066,000 after buying an additional 5,000 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Univest Corporation of Pennsylvania by 30.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 36,470 shares of the financial services provider’s stock worth $945,000 after buying an additional 8,410 shares during the period. 61.73% of the stock is owned by institutional investors and hedge funds.

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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