Univest Corporation of Pennsylvania (NASDAQ:UVSP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

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 $29.80 and traded as high as $30.66. Univest Corporation of Pennsylvania shares last traded at $30.16, with a volume of 78,366 shares trading hands.

Univest Corporation of Pennsylvania Stock Down 1.5%

The business’s 50 day moving average price is $30.42 and its 200-day moving average price is $29.80. The firm has a market capitalization of $868.91 million, a PE ratio of 11.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $81.04 million for the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a net margin of 15.71% and a return on equity of 8.92%. As a group, equities research analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, August 6th. Univest Corporation of Pennsylvania’s payout ratio is 32.12%.

Insider Activity

In related news, Director Thomas M. Petro sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $31.75, for a total transaction of $285,750.00. Following the sale, the director directly owned 50,193 shares of the company’s stock, valued at $1,593,627.75. This represents a 15.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. increased its stake 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 buying an additional 2,252 shares during the period. Osaic Holdings Inc. purchased a new stake in Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $91,000. Tower Research Capital LLC TRC increased its stake in Univest Corporation of Pennsylvania by 69.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock worth $97,000 after buying an additional 1,324 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Univest Corporation of Pennsylvania by 22.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,872 shares of the financial services provider’s stock worth $167,000 after buying an additional 1,076 shares during the period. 75.07% of the stock is owned by hedge funds and other institutional investors.

About Univest Corporation of Pennsylvania

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.