Univest Corporation of Pennsylvania (NASDAQ:UVSP) Sets New 1-Year High – Should You Buy?

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) hit a new 52-week high on Wednesday . The stock traded as high as $33.06 and last traded at $33.0250, with a volume of 19106 shares. The stock had previously closed at $32.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Piper Sandler assumed coverage on Univest Corporation of Pennsylvania in a report on Wednesday. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.00.

Univest Corporation of Pennsylvania Stock Performance

The stock has a market cap of $941.05 million, a price-to-earnings ratio of 11.01 and a beta of 0.70. The company’s 50 day simple moving average is $30.21 and its 200 day simple moving average is $30.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $62.30 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 9.55% and a net margin of 16.94%. On average, equities research analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. Univest Corporation of Pennsylvania’s dividend payout ratio is currently 29.33%.

Institutional Trading of Univest Corporation of Pennsylvania

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Univest Corporation of Pennsylvania in the third quarter worth $34,000. Russell Investments Group Ltd. acquired a new stake in Univest Corporation of Pennsylvania during the 2nd quarter worth about $42,000. Geneos Wealth Management Inc. grew its stake in Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,252 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,324 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

About Univest Corporation of Pennsylvania

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.