Univest Corporation of Pennsylvania (NASDAQ:UVSP) Given New $40.00 Price Target at Keefe, Bruyette & Woods

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its price target boosted by equities research analysts at Keefe, Bruyette & Woods from $37.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 5.88% from the stock’s previous close.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock traded up $0.27 during mid-day trading on Friday, reaching $37.78. 72,266 shares of the company were exchanged, compared to its average volume of 176,257. The company has a fifty day simple moving average of $34.78 and a 200-day simple moving average of $33.10. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month 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 firm has a market cap of $1.06 billion, a PE ratio of 11.36 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 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.12. Univest Corporation of Pennsylvania had a return on equity of 10.25% and a net margin of 18.25%.The firm had revenue of $87.45 million for the quarter, compared to analyst estimates of $84.85 million. As a group, equities research analysts expect that Univest Corporation of Pennsylvania will post 3.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Univest Corporation of Pennsylvania in the 3rd quarter valued at $34,000. Russell Investments Group Ltd. bought a new position in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. boosted its holdings 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 acquiring an additional 2,252 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at $91,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Univest Corporation of Pennsylvania by 69.6% during the 2nd 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. Institutional investors own 75.07% of the company’s stock.

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.