Univest Corporation of Pennsylvania (NASDAQ:UVSP) Receives Buy Rating from Piper Jaffray Companies

Univest Corporation of Pennsylvania (NASDAQ:UVSP)‘s stock had its “buy” rating restated by analysts at Piper Jaffray Companies in a note issued to investors on Friday, October 27th. They currently have a $33.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 15.79% from the stock’s current price.

A number of other research firms also recently issued reports on UVSP. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Univest Corporation of Pennsylvania in a report on Wednesday, October 4th. Sandler O’Neill downgraded shares of Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Monday, September 25th. BidaskClub downgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.67.



Univest Corporation of Pennsylvania (NASDAQ UVSP) remained flat at $$28.50 during midday trading on Friday. 61,400 shares of the stock were exchanged, compared to its average volume of 87,536. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $760.50, a P/E ratio of 17.49 and a beta of 0.62. Univest Corporation of Pennsylvania has a 1-year low of $24.85 and a 1-year high of $32.35.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The business had revenue of $51.00 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 18.71% and a return on equity of 8.35%. equities research analysts forecast that Univest Corporation of Pennsylvania will post 1.74 earnings per share for the current year.

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Several large investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Univest Corporation of Pennsylvania by 0.4% in the 1st quarter. California Public Employees Retirement System now owns 51,700 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 200 shares in the last quarter. Credit Suisse AG raised its position in shares of Univest Corporation of Pennsylvania by 1.3% in the 1st quarter. Credit Suisse AG now owns 44,823 shares of the financial services provider’s stock valued at $1,161,000 after buying an additional 595 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Univest Corporation of Pennsylvania by 0.4% in the 1st quarter. Geode Capital Management LLC now owns 216,797 shares of the financial services provider’s stock valued at $5,615,000 after buying an additional 800 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Univest Corporation of Pennsylvania by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 47,042 shares of the financial services provider’s stock valued at $1,218,000 after buying an additional 815 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Univest Corporation of Pennsylvania by 7.9% in the 2nd quarter. Voya Investment Management LLC now owns 16,139 shares of the financial services provider’s stock valued at $483,000 after buying an additional 1,179 shares in the last quarter. Institutional investors own 61.37% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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