Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its price target increased by Keefe, Bruyette & Woods from $37.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.47% from the stock’s current price.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Univest Corporation of Pennsylvania Trading Up 0.2%

Shares of UVSP stock opened at $37.57 on Friday. Univest Corporation of Pennsylvania has a 1 year low of $27.91 and a 1 year high of $38.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $34.83 and its two-hundred day simple moving average is $33.17. The company has a market cap of $1.06 billion, a PE ratio of 11.28 and a beta of 0.61.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. The business had revenue of $87.45 million during the quarter, compared to analyst estimates of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.25% and a net margin of 18.25%. Research analysts predict that Univest Corporation of Pennsylvania will post 3.4 earnings per share for the current year.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of hedge funds have recently added to or reduced their stakes in UVSP. Y Intercept Hong Kong Ltd bought a new position in Univest Corporation of Pennsylvania in the third quarter worth approximately $1,004,000. SG Americas Securities LLC purchased a new position in Univest Corporation of Pennsylvania during the 3rd quarter worth $675,000. CWM LLC raised its position in Univest Corporation of Pennsylvania by 33.9% during the 3rd quarter. CWM LLC now owns 13,132 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 3,328 shares in the last quarter. Bernardo Wealth Planning LLC raised its position in Univest Corporation of Pennsylvania by 16.8% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 24,172 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 3,484 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock worth $26,745,000 after buying an additional 2,693 shares during the period. 75.07% of the stock is currently owned by institutional investors.

About Univest Corporation of Pennsylvania

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.