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Univest Corporation Of Pennsylvania: One Safe And High Yielding Regional Bank

Univest Corporation of Pennsylvania (NASDAQ:UVSP) is a $342 million bank holding company that has over 30 banking locations throughout Pennsylvania. When last reported, the bank had $2.26 billion in assets, $1.8 billion of deposits and a book value of $16.99 per share.

Over the past year, Univest has returned ~60% of its earnings to investors in dividends that now approach a yield of 4%. In addition to looking forward to higher interest revenues that are expected to come with from an improving yield curve, the bank has been beefing up its insurance subsidiary with two acquisitions in since May of last year (most recent one on 5/1/13). Shares have been on fire lately and are now up ~22%...

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