Univest Co. of Pennsylvania (UVSP) Upgraded at ValuEngine
ValuEngine upgraded shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Other analysts have also issued research reports about the company. BidaskClub raised Univest Co. of Pennsylvania from a hold rating to a buy rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a hold rating and issued a $34.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.33.
Shares of Univest Co. of Pennsylvania (NASDAQ UVSP) opened at $28.30 on Thursday. The stock has a market capitalization of $830.96, a P/E ratio of 16.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00. Univest Co. of Pennsylvania has a 12-month low of $25.65 and a 12-month high of $32.35.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, March 13th. Univest Co. of Pennsylvania’s dividend payout ratio is currently 48.78%.
Several institutional investors have recently bought and sold shares of UVSP. SG Americas Securities LLC purchased a new stake in shares of Univest Co. of Pennsylvania during the third quarter worth $122,000. Strs Ohio purchased a new stake in shares of Univest Co. of Pennsylvania during the fourth quarter worth $224,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Univest Co. of Pennsylvania during the second quarter worth $232,000. Goldman Sachs Group Inc. increased its position in shares of Univest Co. of Pennsylvania by 30.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,168 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 2,166 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Univest Co. of Pennsylvania during the fourth quarter worth $276,000. 66.93% of the stock is currently owned by institutional investors and hedge funds.
Univest Co. 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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