Univest Corporation of Pennsylvania (NASDAQ:UVSP) Coverage Initiated at Piper Sandler

Equities research analysts at Piper Sandler initiated coverage on shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $34.00 price target on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 1.67% from the company’s previous close.

UVSP has been the subject of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday. Keefe, Bruyette & Woods upped their price objective on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.00.

Univest Corporation of Pennsylvania Trading Up 0.6%

Shares of UVSP opened at $33.44 on Wednesday. The stock has a market capitalization of $952.37 million, a PE ratio of 11.15 and a beta of 0.70. The company’s fifty day moving average is $30.32 and its 200 day moving average is $30.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $33.66.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $0.52 EPS for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The business had revenue of $62.30 million during the quarter. Sell-side analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Several hedge funds and other institutional investors have recently modified their holdings of UVSP. State of Alaska Department of Revenue purchased a new stake in Univest Corporation of Pennsylvania in the third quarter worth about $34,000. Russell Investments Group Ltd. purchased a new position in Univest Corporation of Pennsylvania during the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. raised its stake in Univest Corporation of Pennsylvania by 545.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in Univest Corporation of Pennsylvania during the second quarter worth $91,000. Finally, Tower Research Capital LLC TRC boosted its position in 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. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

Univest Corporation of Pennsylvania Company Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.