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

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its target price boosted by analysts at Keefe, Bruyette & Woods from $45.00 to $47.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.58% from the company’s previous close.

Separately, Weiss Ratings raised shares of Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.50.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $44.10 on Friday. The business has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $37.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Univest Corporation of Pennsylvania has a 52 week low of $27.91 and a 52 week high of $45.46. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 12.75 and a beta of 0.66.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $84.35 million for the quarter, compared to analysts’ expectations of $86.66 million. Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.44%. On average, analysts expect that Univest Corporation of Pennsylvania will post 3.6 EPS for the current year.

Insiders Place Their Bets

In related news, COO Michael S. Keim sold 7,245 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total transaction of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares of the company’s stock, valued at approximately $2,592,757.09. This trade represents a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian J. Richardson sold 2,090 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.90, for a total value of $85,481.00. Following the sale, the chief financial officer directly owned 24,228 shares in the company, valued at $990,925.20. This trade represents a 7.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,268 shares of company stock valued at $1,427,334 over the last three months. Insiders own 1.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UVSP. Russell Investments Group Ltd. bought a new stake in shares of Univest Corporation of Pennsylvania during the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. boosted its position 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 worth $76,000 after acquiring an additional 2,252 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Univest Corporation of Pennsylvania during the second quarter worth $91,000. Tower Research Capital LLC TRC grew its stake in Univest Corporation of Pennsylvania by 69.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Mariner LLC purchased a new position in Univest Corporation of Pennsylvania during the fourth quarter valued at $211,000. 75.07% of the stock is currently owned by 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.