Brokerages Anticipate Univest Co. of Pennsylvania (UVSP) to Announce $0.43 EPS

Univest Co. of Pennsylvania (NASDAQ:UVSP) has earned an average broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Brokerages have set a 12 month consensus price target of $31.00 for the company and are predicting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Univest Co. of Pennsylvania an industry rank of 76 out of 265 based on the ratings given to its competitors.

UVSP has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $33.00 price target on shares of Univest Co. of Pennsylvania in a report on Friday, October 27th. ValuEngine upgraded Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price target on shares of Univest Co. of Pennsylvania in a report on Friday, December 22nd. Finally, Sandler O’Neill cut Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Monday, September 25th.

Univest Co. of Pennsylvania (NASDAQ:UVSP) traded up $0.30 on Friday, reaching $28.45. 131,000 shares of the company were exchanged, compared to its average volume of 97,158. The firm has a market cap of $815.91, a P/E ratio of 18.59 and a beta of 0.59. Univest Co. of Pennsylvania has a 12-month low of $25.65 and a 12-month high of $32.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The company had revenue of $51.00 million during the quarter. Univest Co. of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. analysts expect that Univest Co. of Pennsylvania will post 1.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, December 15th. Univest Co. of Pennsylvania’s dividend payout ratio is presently 52.29%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake in shares of Univest Co. of Pennsylvania by 518.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after buying an additional 3,195 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Univest Co. of Pennsylvania during the 3rd quarter valued at approximately $122,000. HighTower Advisors LLC purchased a new position in shares of Univest Co. of Pennsylvania during the 2nd quarter valued at approximately $205,000. Brandywine Global Investment Management LLC boosted its stake in shares of Univest Co. of Pennsylvania by 30.2% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 7,070 shares of the financial services provider’s stock valued at $212,000 after buying an additional 1,640 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Univest Co. of Pennsylvania during the 2nd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 58.15% of the company’s stock.

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About Univest Co. of Pennsylvania

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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