Univest Corporation of Pennsylvania’s (UVSP) Neutral Rating Reiterated at Piper Sandler

Univest Corporation of Pennsylvania (NASDAQ:UVSP)‘s stock had its “neutral” rating reissued by Piper Sandler in a note issued to investors on Monday, Benzinga reports. They presently have a $45.00 price target on the financial services provider’s stock, down from their previous price target of $46.00. Piper Sandler‘s price target indicates a potential upside of 9.53% from the stock’s current price.

A number of other analysts also recently commented on UVSP. Weiss Ratings restated a “buy (a-)” rating on shares of Univest Corporation of Pennsylvania in a report on Monday, October 26th. Keefe, Bruyette & Woods raised their price objective on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Zacks Research lowered Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Univest Corporation of Pennsylvania has an average rating of “Moderate Buy” and an average price target of $46.00.

Univest Corporation of Pennsylvania Trading Up 1.5%

Univest Corporation of Pennsylvania stock traded up $0.61 during trading on Monday, reaching $41.09. The company had a trading volume of 21,954 shares, compared to its average volume of 208,644. Univest Corporation of Pennsylvania has a 12-month low of $28.20 and a 12-month high of $45.46. The stock’s 50 day moving average price is $41.58 and its two-hundred day moving average price is $39.41. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.20). The company had revenue of $90.03 million for the quarter, compared to analysts’ expectations of $90.55 million. Univest Corporation of Pennsylvania had a return on equity of 9.94% and a net margin of 17.95%. As a group, equities analysts expect that Univest Corporation of Pennsylvania will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Univest Corporation of Pennsylvania

In other news, Director Michael Turner sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the completion of the sale, the director owned 24,684 shares of the company’s stock, valued at $1,062,152.52. This represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Several hedge funds have recently modified their holdings of UVSP. Fifth Third Bancorp boosted its holdings in Univest Corporation of Pennsylvania by 14.8% in the 3rd quarter. Fifth Third Bancorp now owns 8,016 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 1,031 shares during the period. Ethic Inc. acquired a new stake in Univest Corporation of Pennsylvania in the third quarter valued at approximately $516,000. Parallel Advisors LLC raised its stake in shares of Univest Corporation of Pennsylvania by 18.2% during the third quarter. Parallel Advisors LLC now owns 2,688 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 414 shares during the period. Vise Technologies Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania during the third quarter valued at approximately $372,000. Finally, Compass Ion Advisors LLC lifted its position in shares of Univest Corporation of Pennsylvania by 1.1% during the third quarter. Compass Ion Advisors LLC now owns 37,664 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 409 shares in the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest’s banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.