Univest Corporation of Pennsylvania's (UVSP) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "buy (B-)" rating for Univest Corporation of Pennsylvania (NASDAQ: UVSP), indicating positive confidence in the stock's performance.
• Univest's stock price reached $29.60, with strong metrics including a debt-to-equity ratio of 0.16 and a market capitalization of approximately $852.78 million.
• The company reported a quarterly revenue of $62.30 million and earnings per share of $0.52, with analysts forecasting an EPS of 2.36 for the current year.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Univest Corporation of Pennsylvania Stock Performance

UVSP traded up $0.53 during trading hours on Tuesday, reaching $29.60. The company's stock had a trading volume of 13,760 shares, compared to its average volume of 108,826. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $32.86. The company's 50-day moving average is $30.43 and its 200-day moving average is $29.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $852.78 million, a PE ratio of 10.81 and a beta of 0.72.

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. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%.The business had revenue of $62.30 million for the quarter. On average, equities analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Insider Buying and Selling

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total value of $285,750.00. Following the transaction, the director directly owned 50,193 shares of the company's stock, valued at $1,593,627.75. This represents a 15.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UVSP. The Manufacturers Life Insurance Company boosted its stake in Univest Corporation of Pennsylvania by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,475,872 shares of the financial services provider's stock valued at $44,335,000 after buying an additional 193,561 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Univest Corporation of Pennsylvania in the first quarter valued at about $4,953,000. Nuveen LLC acquired a new stake in Univest Corporation of Pennsylvania in the first quarter valued at about $3,384,000. The Manufacturers Life Insurance Company boosted its stake in Univest Corporation of Pennsylvania by 6.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,282,311 shares of the financial services provider's stock valued at $36,366,000 after buying an additional 77,781 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Univest Corporation of Pennsylvania by 26.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 359,737 shares of the financial services provider's stock valued at $10,806,000 after buying an additional 76,242 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

About Univest Corporation of Pennsylvania

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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