Piper Sandler Assumes Univest Corporation of Pennsylvania (UVSP) at Neutral

Piper Sandler analyst Manuel Navas assumes coverage on Univest Corporation of Pennsylvania (NASDAQ: UVSP) with a Neutral rating and a price target of $34.00.

The analyst comments: "UVSP is sustaining a recent return to a 1%+ ROA and is targeting a further increase going forward. We forecast a rising EPS trajectory with Y/Y growth of 8% in ’26E and ’27E and rising profitability according to its outlook. However, we view the improvement in returns in our ’26E (1.10% ROA, 1.55% PPNR ROA, and 11.9% ROTCE) as to just below-peer levels and already in the below-peer valuation (9.8x ’26E vs. KRX
peers at 10.3x and 1.2x TBV vs. 1.5x). As a result, we assume coverage at Neutral. We are watching for deposit growth to match loan growth profitably before becoming more constructive on shares."

For an analyst ratings summary and ratings history on Univest Corporation of Pennsylvania click here. For more ratings news on Univest Corporation of Pennsylvania click here.

Shares of Univest Corporation of Pennsylvania closed at $32.53 yesterday.

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