Univest Corporation of Pennsylvania (NASDAQ:UVSP) Given New $36.00 Price Target at Keefe, Bruyette & Woods

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its price objective increased by Keefe, Bruyette & Woods from $34.00 to $36.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

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

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ:UVSP opened at $35.30 on Tuesday. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $35.65. The company has a 50-day moving average price of $33.45 and a 200 day moving average price of $31.36. The company has a market cap of $1.01 billion, a P/E ratio of 11.24 and a beta of 0.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14.

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

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 11th. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 28.03%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock valued at $487,000 after buying an additional 703 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Univest Corporation of Pennsylvania by 4.2% in the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock worth $2,907,000 after acquiring an additional 4,087 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the first quarter valued at $1,467,000. Geneos Wealth Management Inc. boosted its stake in shares of Univest Corporation of Pennsylvania by 545.3% during the first 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 during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Univest Corporation of Pennsylvania by 94.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 14,383 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 7,000 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

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.