Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Univest Corporation of Pennsylvania (NASDAQ:UVSP)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.97 and traded as high as $42.00. Univest Corporation of Pennsylvania shares last traded at $41.77, with a volume of 189,553 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Zacks Research upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Univest Corporation of Pennsylvania has a consensus rating of “Buy” and an average price target of $40.50.

Univest Corporation of Pennsylvania Price Performance

The business has a 50-day moving average of $43.47 and a 200 day moving average of $39.02. The firm has a market capitalization of $1.15 billion, a P/E ratio of 12.04 and a beta of 0.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.41%. The firm had revenue of $89.59 million during the quarter, compared to analyst estimates of $86.66 million. On average, sell-side analysts predict that Univest Corporation of Pennsylvania will post 3.67 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, August 5th. Univest Corporation of Pennsylvania’s payout ratio is 26.59%.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In related news, CFO Brian J. Richardson sold 2,090 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.90, for a total value of $85,481.00. Following the sale, the chief financial officer owned 24,228 shares in the company, valued at $990,925.20. This represents a 7.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 13,933 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the transaction, the chief executive officer directly owned 110,513 shares in the company, valued at approximately $4,521,086.83. The trade was a 11.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 24,023 shares of company stock valued at $999,720. Corporate insiders own 1.83% of the company’s stock.

Institutional Trading of Univest Corporation of Pennsylvania

Several institutional investors and hedge funds have recently modified their holdings of UVSP. Russell Investments Group Ltd. purchased a new position in shares of Univest Corporation of Pennsylvania during the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. boosted its holdings in Univest Corporation of Pennsylvania by 545.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,252 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of Univest Corporation of Pennsylvania in the 2nd quarter worth $91,000. Tower Research Capital LLC TRC raised its holdings in shares of Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter valued at about $211,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

About Univest Corporation of Pennsylvania

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.