Univest Co. of Pennsylvania (UVSP) Given Average Rating of “Hold” by Brokerages

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Univest Co. of Pennsylvania (NASDAQ:UVSP) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $33.33.

Several research analysts recently weighed in on the stock. BidaskClub lowered shares of Univest Co. of Pennsylvania from a “hold” rating to a “sell” rating in a research note on Friday, June 8th. Zacks Investment Research raised shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Finally, ValuEngine raised shares of Univest Co. of Pennsylvania from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th.

Shares of NASDAQ:UVSP traded down $0.35 during trading on Wednesday, hitting $26.90. 2,254 shares of the company’s stock were exchanged, compared to its average volume of 84,425. Univest Co. of Pennsylvania has a 1-year low of $26.60 and a 1-year high of $32.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $801.25 million, a price-to-earnings ratio of 16.19 and a beta of 0.53.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Wednesday, September 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 11th. Univest Co. of Pennsylvania’s dividend payout ratio is currently 47.62%.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in Univest Co. of Pennsylvania by 2.0% during the 2nd quarter. Northern Trust Corp now owns 409,416 shares of the financial services provider’s stock valued at $11,259,000 after purchasing an additional 7,865 shares during the period. California Public Employees Retirement System increased its position in Univest Co. of Pennsylvania by 115.2% during the 2nd quarter. California Public Employees Retirement System now owns 75,089 shares of the financial services provider’s stock valued at $2,065,000 after purchasing an additional 40,203 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Univest Co. of Pennsylvania by 25.0% during the 2nd 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 during the period. Renaissance Technologies LLC increased its position in Univest Co. of Pennsylvania by 15.3% during the 2nd quarter. Renaissance Technologies LLC now owns 653,689 shares of the financial services provider’s stock valued at $17,976,000 after purchasing an additional 86,800 shares during the period. Finally, BlueMountain Capital Management LLC increased its position in Univest Co. of Pennsylvania by 72.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 24,541 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 10,329 shares during the period. 66.53% of the stock is owned by institutional investors and hedge funds.

Univest Co. of Pennsylvania Company Profile

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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