Raymond James analyst William Wallace maintained a Buy rating on Univest Of Pennsylvania (UVSP – Research Report) today and set a price target of $29.00. The company’s shares closed last Wednesday at $25.70.
According to TipRanks.com, Wallace is a 5-star analyst with an average return of 18.7% and a 59.1% success rate. Wallace covers the Financial sector, focusing on stocks such as Capstar Financial Holdings, Dime Community Bancshares, and Business First Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Univest Of Pennsylvania with a $30.50 average price target.
Based on Univest Of Pennsylvania’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $67.13 million and net profit of $20.32 million. In comparison, last year the company earned revenue of $68.66 million and had a net profit of $32.6 million.
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Univest Financial Corp. is a bank holding company, which engages in the provision of commercial and consumer banking business and trust services through the Univest Bank and Trust Co. It operates through the following segments: Banking, Wealth Management and Insurance. The Banking segment consists of commercial and consumer banking. The Wealth Management segment comprises of investment advisory services, retirement plan services, trust, municipal pension services, and broker or dealer services. The Insurance segment includes commercial lines, personal lines, benefits and human resources consulting. Univest was founded in 1973 and is headquartered in Souderton, PA.
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