Univest Corporation of Pennsylvania (UVSP) Given Buy Rating at Piper Jaffray Companies

Univest Corporation of Pennsylvania (NASDAQ:UVSP)‘s stock had its “buy” rating restated by investment analysts at Piper Jaffray Companies in a report released on Friday, October 27th. They currently have a $33.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 15.79% from the stock’s previous close.

UVSP has been the subject of a number of other reports. ValuEngine upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Sandler O’Neill lowered Univest Corporation of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Monday, September 25th. Keefe, Bruyette & Woods lowered Univest Corporation of Pennsylvania from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $33.00 to $32.00 in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.67.

Shares of Univest Corporation of Pennsylvania (UVSP) remained flat at $$28.50 during trading hours on Friday. 61,400 shares of the stock traded hands, compared to its average volume of 87,536. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.00. Univest Corporation of Pennsylvania has a 52 week low of $24.85 and a 52 week high of $32.35. The firm has a market capitalization of $760.50, a PE ratio of 17.49 and a beta of 0.62.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Univest Corporation of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. The business had revenue of $51.00 million for the quarter. research analysts forecast that Univest Corporation of Pennsylvania will post 1.74 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in Univest Corporation of Pennsylvania by 104.8% during the first quarter. FMR LLC now owns 835,172 shares of the financial services provider’s stock valued at $21,631,000 after buying an additional 427,338 shares during the period. Aberdeen Asset Management PLC UK raised its position in Univest Corporation of Pennsylvania by 20.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 2,035,854 shares of the financial services provider’s stock valued at $60,974,000 after buying an additional 352,368 shares during the period. Bank of New York Mellon Corp raised its position in Univest Corporation of Pennsylvania by 149.8% during the second quarter. Bank of New York Mellon Corp now owns 501,929 shares of the financial services provider’s stock valued at $15,033,000 after buying an additional 300,970 shares during the period. Dimensional Fund Advisors LP raised its position in Univest Corporation of Pennsylvania by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,165,290 shares of the financial services provider’s stock valued at $30,181,000 after buying an additional 113,436 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Univest Corporation of Pennsylvania by 20.7% in the first quarter. Renaissance Technologies LLC now owns 497,569 shares of the financial services provider’s stock valued at $12,887,000 after purchasing an additional 85,480 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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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