Univest Co. of Pennsylvania (UVSP) Receives Consensus Recommendation of “Buy” from Brokerages

Univest Co. of Pennsylvania (NASDAQ:UVSP) has been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company. Univest Co. of Pennsylvania’s rating score has declined by 67% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price target of $31.00 for the company and are anticipating 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 164 out of 265 based on the ratings given to related companies.

Several brokerages have recently issued reports on UVSP. ValuEngine upgraded shares of Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $33.00 target price on shares of Univest Co. of Pennsylvania in a research note on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Univest Co. of Pennsylvania in a research note on Wednesday, October 4th. Finally, Sandler O’Neill downgraded shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research note on Monday, September 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of Univest Co. of Pennsylvania by 4.6% in the third quarter. California Public Employees Retirement System now owns 42,577 shares of the financial services provider’s stock worth $1,362,000 after buying an additional 1,877 shares in the last quarter. Maltese Capital Management LLC lifted its stake in shares of Univest Co. of Pennsylvania by 3.3% in the third quarter. Maltese Capital Management LLC now owns 225,101 shares of the financial services provider’s stock worth $7,203,000 after buying an additional 7,240 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Univest Co. of Pennsylvania in the third quarter worth approximately $1,652,000. Dimensional Fund Advisors LP raised its holdings in shares of Univest Co. of Pennsylvania by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,278,172 shares of the financial services provider’s stock valued at $40,902,000 after purchasing an additional 48,684 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Univest Co. of Pennsylvania by 10.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 120,181 shares of the financial services provider’s stock valued at $3,846,000 after purchasing an additional 11,140 shares during the last quarter. Hedge funds and other institutional investors own 70.79% of the company’s stock.

Shares of Univest Co. of Pennsylvania (NASDAQ UVSP) opened at $28.20 on Monday. Univest Co. of Pennsylvania has a 52 week low of $25.65 and a 52 week 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. The company has a market cap of $817.35, a PE ratio of 17.30 and a beta of 0.59.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Univest Co. 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. analysts expect that Univest Co. of Pennsylvania will post 1.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. Univest Co. of Pennsylvania’s dividend payout ratio is presently 52.29%.

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Univest Co. 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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