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

Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.02 and traded as high as $34.80. Univest Corporation of Pennsylvania shares last traded at $33.55, with a volume of 204,524 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday, December 29th. Zacks Research raised Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. Finally, Piper Sandler started coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Univest Corporation of Pennsylvania Trading Down 4.3%

The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $33.91 and its two-hundred day moving average is $32.02. The stock has a market cap of $942.08 million, a price-to-earnings ratio of 10.68 and a beta of 0.69.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $84.57 million during the quarter, compared to analyst estimates of $82.54 million. Univest Corporation of Pennsylvania had a return on equity of 9.82% and a net margin of 17.51%. Equities 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 announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.88 annualized dividend and a yield of 2.6%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 28.03%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Several institutional investors have recently modified their holdings of UVSP. Vanguard Group Inc. lifted its position in Univest Corporation of Pennsylvania by 1.0% in 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 purchasing an additional 16,682 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Univest Corporation of Pennsylvania by 15.1% during 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 buying an additional 193,561 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Univest Corporation of Pennsylvania by 0.3% during the third quarter. Pzena Investment Management LLC now owns 890,902 shares of the financial services provider’s stock worth $26,745,000 after buying an additional 2,693 shares during the period. Geode Capital Management LLC grew its holdings in Univest Corporation of Pennsylvania by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 773,731 shares of the financial services provider’s stock worth $23,243,000 after buying an additional 36,662 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Univest Corporation of Pennsylvania by 0.9% in the 2nd 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 in 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.