Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) in a research note issued to investors on Thursday. The brokerage currently has a $33.00 price objective on the financial services provider’s stock.

Several other research firms have also recently weighed in on UVSP. BidaskClub cut Univest Corporation of Pennsylvania from a hold rating to a sell rating in a report on Wednesday, July 19th. ValuEngine upgraded Univest Corporation of Pennsylvania from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Sandler O’Neill assumed coverage on Univest Corporation of Pennsylvania in a report on Wednesday, April 12th. They set a buy rating for the company.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) opened at 30.35 on Thursday. The stock has a market cap of $809.34 million, a price-to-earnings ratio of 27.34 and a beta of 0.69. The firm has a 50-day moving average price of $29.88 and a 200 day moving average price of $28.53. Univest Corporation of Pennsylvania has a 52 week low of $21.06 and a 52 week high of $31.50.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $51.31 million during the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.09% and a net margin of 13.95%. On average, analysts forecast that Univest Corporation of Pennsylvania will post $1.73 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 5th. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 72.07%.

In other news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total value of $59,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.62% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC boosted its position in shares of Univest Corporation of Pennsylvania by 30.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 36,470 shares of the financial services provider’s stock worth $945,000 after buying an additional 8,410 shares during the period. Girard Partners LTD. boosted its position in shares of Univest Corporation of Pennsylvania by 39.3% in the first quarter. Girard Partners LTD. now owns 25,180 shares of the financial services provider’s stock worth $652,000 after buying an additional 7,107 shares during the period. LSV Asset Management boosted its position in shares of Univest Corporation of Pennsylvania by 6.7% in the first quarter. LSV Asset Management now owns 79,800 shares of the financial services provider’s stock worth $2,066,000 after buying an additional 5,000 shares during the period. Wells Fargo & Company MN boosted its position in shares of Univest Corporation of Pennsylvania by 2.1% in the first quarter. Wells Fargo & Company MN now owns 101,306 shares of the financial services provider’s stock worth $2,624,000 after buying an additional 2,073 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Univest Corporation of Pennsylvania by 7.2% in the first quarter. First Manhattan Co. now owns 59,642 shares of the financial services provider’s stock worth $1,393,000 after buying an additional 3,997 shares during the period. Hedge funds and other institutional investors own 61.67% 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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