Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.78 and traded as high as $35.29. Univest Corporation of Pennsylvania shares last traded at $35.18, with a volume of 117,893 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on UVSP. Keefe, Bruyette & Woods lifted their price target on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Piper Sandler assumed coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 target price on the stock. Zacks Research upgraded Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

Univest Corporation of Pennsylvania Stock Up 0.3%

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.00 billion, a PE ratio of 11.24 and a beta of 0.69. The stock has a 50-day moving average of $33.94 and a 200 day moving average of $31.82.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $84.57 million for the quarter, compared to analysts’ expectations of $82.54 million. Univest Corporation of Pennsylvania had a return on equity of 9.89% and a net margin of 17.51%. Sell-side analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.88 annualized dividend and a yield of 2.5%. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 28.03%.

Institutional Trading of Univest Corporation of Pennsylvania

Several hedge funds have recently added to or reduced their stakes in UVSP. Vanguard Group Inc. grew its position in shares of Univest Corporation of Pennsylvania by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,938 shares of the financial services provider’s stock valued at $52,293,000 after acquiring an additional 16,682 shares during the period. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 193,561 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Univest Corporation of Pennsylvania by 0.3% in the third quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock valued at $26,745,000 after purchasing an additional 2,693 shares during the last quarter. Geode Capital Management LLC grew its holdings in Univest Corporation of Pennsylvania by 5.0% during the second quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock valued at $23,243,000 after purchasing an additional 36,662 shares during the period. Finally, American Century Companies Inc. increased its position in Univest Corporation of Pennsylvania by 0.9% in the second quarter. American Century Companies Inc. now owns 688,723 shares of the financial services provider’s stock worth $20,689,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.