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

Key Points

• Keefe, Bruyette & Woods increased their target price for Univest Corporation of Pennsylvania's stock from $33.00 to $34.00, suggesting a potential upside of 9.55% from the current price.
• Weiss Ratings has reissued a "buy (b-)" rating on the stock, while the consensus rating remains a "Hold" with an average price target of $30.67.
• Univest's stock traded up 4.5% to $31.04 recently, and it has a market capitalization of $894.12 million with a P/E ratio of 10.33.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) had its target price boosted by equities researchers at Keefe, Bruyette & Woods from $33.00 to $34.00 in a report issued on Friday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 9.55% from the company's current price.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Univest Corporation of Pennsylvania in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Univest Corporation of Pennsylvania has a consensus rating of "Hold" and an average price target of $30.67.

Univest Corporation of Pennsylvania Trading Up 4.5%

Shares of UVSP traded up $1.35 on Friday, reaching $31.04. 30,284 shares of the company's stock were exchanged, compared to its average volume of 108,462. The business has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $29.92. Univest Corporation of Pennsylvania has a 12 month low of $22.83 and a 12 month high of $32.86. The stock has a market capitalization of $894.12 million, a P/E ratio of 10.33 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.16.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share for the quarter. The company had revenue of $62.30 million for the quarter. Univest Corporation of Pennsylvania had a return on equity of 9.63% and a net margin of 16.94%. Research analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Insider Activity at Univest Corporation of Pennsylvania

In related news, Director Thomas M. Petro sold 9,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total value of $285,750.00. Following the completion of the transaction, the director owned 50,193 shares of the company's stock, valued at approximately $1,593,627.75. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UVSP. BNP Paribas Financial Markets grew its position in shares of Univest Corporation of Pennsylvania by 1.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider's stock valued at $672,000 after acquiring an additional 369 shares during the period. Apexium Financial LP lifted its holdings in Univest Corporation of Pennsylvania by 3.4% during the 1st quarter. Apexium Financial LP now owns 15,352 shares of the financial services provider's stock worth $435,000 after purchasing an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $487,000 after buying an additional 703 shares during the period. Savant Capital LLC lifted its position in shares of Univest Corporation of Pennsylvania by 8.8% during the 2nd quarter. Savant Capital LLC now owns 10,457 shares of the financial services provider's stock valued at $314,000 after acquiring an additional 846 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in Univest Corporation of Pennsylvania by 14.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,958 shares of the financial services provider's stock worth $209,000 after buying an additional 892 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company's stock.

Univest Corporation of Pennsylvania Company Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.

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