Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its price target boosted by equities research analysts at Keefe, Bruyette & Woods from $34.00 to $36.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.13% from the stock’s current price.

Several other equities analysts also recently weighed in on UVSP. Piper Sandler started coverage on shares of Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 price target on the stock. Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania presently has an average rating of “Hold” and an average target price of $35.00.

Univest Corporation of Pennsylvania Trading Up 2.5%

Shares of UVSP traded up $0.87 during midday trading on Tuesday, hitting $35.25. The stock had a trading volume of 61,317 shares, compared to its average volume of 151,972. The firm has a market cap of $1.00 billion, a PE ratio of 11.20 and a beta of 0.69. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $35.65. The stock’s 50 day moving average is $33.39 and its 200 day moving average is $31.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Univest Corporation of Pennsylvania had a return on equity of 9.89% and a net margin of 17.51%.The firm had revenue of $84.57 million for the quarter, compared to analysts’ expectations of $82.54 million. As a group, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Univest Corporation of Pennsylvania by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,741,938 shares of the financial services provider’s stock valued at $52,293,000 after buying an additional 16,682 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Univest Corporation of Pennsylvania by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider’s stock valued at $44,335,000 after purchasing an additional 193,561 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Univest Corporation of Pennsylvania by 0.3% during the third quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock worth $26,745,000 after purchasing an additional 2,693 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Univest Corporation of Pennsylvania by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock worth $23,243,000 after buying an additional 36,662 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Univest Corporation of Pennsylvania by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 688,723 shares of the financial services provider’s stock worth $20,689,000 after acquiring an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.