Univest Corporation of Pennsylvania (NASDAQ:UVSP) Now Covered by Analysts at Piper Sandler

Piper Sandler initiated coverage on shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $34.00 price target on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.00.

Univest Corporation of Pennsylvania Stock Up 2.2%

Shares of UVSP opened at $33.24 on Wednesday. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $33.25. The firm has a market cap of $946.54 million, a P/E ratio of 11.08 and a beta of 0.70. The firm’s 50-day simple moving average is $30.26 and its 200 day simple moving average is $30.35. 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 data on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The firm had revenue of $62.30 million during the quarter. On average, analysts forecast 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 disclosed 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 yield of 2.6%. Univest Corporation of Pennsylvania’s payout ratio is currently 29.33%.

Institutional Trading of Univest Corporation of Pennsylvania

Several large investors have recently modified their holdings of UVSP. State of Alaska Department of Revenue bought a new stake in Univest Corporation of Pennsylvania in the 3rd quarter valued at about $34,000. Russell Investments Group Ltd. bought a new stake in shares of Univest Corporation of Pennsylvania in the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 buying an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at approximately $91,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Univest Corporation of Pennsylvania by 69.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after buying an additional 1,324 shares during the period. 75.07% of the stock is owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Company Profile

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.