Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock

Univest Corporation of Pennsylvania (NASDAQ:UVSP) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $45.00 to $47.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 5.02% from the company’s previous close.

Separately, Weiss Ratings raised shares of Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Univest Corporation of Pennsylvania currently has a consensus rating of “Hold” and an average price target of $40.50.

Univest Corporation of Pennsylvania Stock Performance

UVSP stock traded up $0.57 on Friday, reaching $44.76. 139,057 shares of the company were exchanged, compared to its average volume of 195,386. Univest Corporation of Pennsylvania has a 12 month low of $27.91 and a 12 month high of $45.46. The stock’s fifty day moving average price is $41.98 and its 200 day moving average price is $37.43. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.44%. The company had revenue of $84.35 million during the quarter, compared to the consensus estimate of $86.66 million. On average, research analysts anticipate that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.

Insider Transactions at Univest Corporation of Pennsylvania

In other Univest Corporation of Pennsylvania news, COO Michael S. Keim sold 7,245 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $38.71, for a total value of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares of the company’s stock, valued at $2,592,757.09. The trade was a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey M. Schweitzer sold 13,933 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the transaction, the chief executive officer owned 110,513 shares of the company’s stock, valued at approximately $4,521,086.83. This represents a 11.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 36,268 shares of company stock valued at $1,427,334 in the last ninety days. 1.83% of the stock is owned by company insiders.

Institutional Trading of Univest Corporation of Pennsylvania

Several institutional investors have recently made changes to their positions in UVSP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Univest Corporation of Pennsylvania by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 703 shares in the last quarter. Empowered Funds LLC lifted its stake in Univest Corporation of Pennsylvania by 4.2% during the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider’s stock worth $2,907,000 after purchasing an additional 4,087 shares during the period. Jane Street Group LLC acquired a new stake in Univest Corporation of Pennsylvania during the first quarter valued at approximately $1,467,000. Geneos Wealth Management Inc. boosted its holdings in Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Univest Corporation of Pennsylvania by 8.1% in the 2nd quarter. Legal & General Group Plc now owns 30,612 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 2,291 shares during the period. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Univest Corporation of Pennsylvania Company Profile

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.