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

Research analysts at Piper Sandler initiated coverage on shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) in a note issued to investors on Wednesday. The firm set a "neutral" rating and a $34.00 price target on the financial services provider's stock. Piper Sandler's price target suggests a potential upside of 2.90% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Univest Corporation of Pennsylvania in a report on Monday. Keefe, Bruyette & Woods increased their price target on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the company a "market perform" rating in a 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $33.00.

Read Our Latest Report on Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania Stock Up 1.6%

NASDAQ:UVSP traded up $0.51 during mid-day trading on Wednesday, hitting $33.04. The company had a trading volume of 30,306 shares, compared to its average volume of 109,600. Univest Corporation of Pennsylvania has a 1 year low of $22.83 and a 1 year high of $33.07. The business has a fifty day simple moving average of $30.21 and a 200-day simple moving average of $30.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $940.88 million, a price-to-earnings ratio of 11.02 and a beta of 0.70.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Univest Corporation of Pennsylvania by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider's stock valued at $44,335,000 after acquiring an additional 193,561 shares in the last quarter. Nuveen LLC bought a new stake in shares of Univest Corporation of Pennsylvania in the 1st quarter worth $3,384,000. The Manufacturers Life Insurance Company grew its holdings in Univest Corporation of Pennsylvania by 6.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,282,311 shares of the financial services provider's stock worth $36,366,000 after acquiring an additional 77,781 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Univest Corporation of Pennsylvania by 26.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 359,737 shares of the financial services provider's stock worth $10,806,000 after acquiring an additional 76,242 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider's stock valued at $48,077,000 after purchasing an additional 69,462 shares in the last quarter. Institutional investors own 75.07% of the company's stock.

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.

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