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

Piper Sandler restated their neutral rating on shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $45.00 price objective on the financial services provider’s stock, down from their prior price objective of $46.00.

Other research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, October 26th. Zacks Research lowered shares of Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $40.85 on Monday. The stock has a 50 day moving average price of $41.55 and a 200 day moving average price of $39.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.19 and a beta of 0.68. Univest Corporation of Pennsylvania has a 52-week low of $28.20 and a 52-week high of $45.46.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data 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 analyst estimates of $90.55 million. Univest Corporation of Pennsylvania had a return on equity of 9.94% and a net margin of 17.95%. Research analysts predict that Univest Corporation of Pennsylvania will post 3.64 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, November 10th. Univest Corporation of Pennsylvania’s payout ratio is currently 27.46%.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Univest Corporation of Pennsylvania by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider’s stock worth $64,622,000 after purchasing an additional 6,965 shares during the last quarter. Boston Partners purchased a new stake in Univest Corporation of Pennsylvania in the 3rd quarter worth approximately $17,471,000. Assenagon Asset Management S.A. grew its stake in Univest Corporation of Pennsylvania by 39.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 358,183 shares of the financial services provider’s stock worth $15,671,000 after acquiring an additional 100,780 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Univest Corporation of Pennsylvania by 4.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 346,893 shares of the financial services provider’s stock worth $11,885,000 after acquiring an additional 13,772 shares during the period. Finally, Sei Investments Co. raised its holdings in Univest Corporation of Pennsylvania by 12.1% in the 1st quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider’s stock valued at $9,311,000 after acquiring an additional 29,247 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Its history dates to 1876, when the community bank that became Univest was established in the area. Through Univest Bank and Trust Co. and other subsidiaries, the company provides commercial and consumer banking, mortgage lending, wealth management and trust services, and insurance. Its offerings serve individuals, businesses, nonprofits, and other organizations. Univest primarily serves southeastern Pennsylvania, including communities in the greater Philadelphia region and surrounding areas.