Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Pass Above 200 Day Moving Average – Here’s Why

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 $32.45 and traded as high as $35.05. Univest Corporation of Pennsylvania shares last traded at $35.02, with a volume of 164,245 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on UVSP shares. Keefe, Bruyette & Woods increased their price target on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania has a consensus rating of “Hold” and a consensus price target of $35.00.

Univest Corporation of Pennsylvania Stock Up 0.6%

The firm has a 50-day moving average of $34.07 and a two-hundred day moving average of $32.45. The firm has a market cap of $983.36 million, a price-to-earnings ratio of 11.15 and a beta of 0.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $84.57 million for 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%. As a group, sell-side analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.22 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 28.03%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new stake in Univest Corporation of Pennsylvania in the 4th quarter valued at $484,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Univest Corporation of Pennsylvania by 17.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,536 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,290 shares during the period. Empowered Funds LLC increased its holdings in shares of Univest Corporation of Pennsylvania by 8.1% during the 4th quarter. Empowered Funds LLC now owns 123,230 shares of the financial services provider’s stock worth $4,035,000 after purchasing an additional 9,182 shares during the period. Polymer Capital Management US LLC raised its position in shares of Univest Corporation of Pennsylvania by 15.1% during the fourth quarter. Polymer Capital Management US LLC now owns 11,117 shares of the financial services provider’s stock valued at $364,000 after buying an additional 1,458 shares during the last quarter. Finally, Occudo Quantitative Strategies LP raised its position in shares of Univest Corporation of Pennsylvania by 8.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 10,005 shares of the financial services provider’s stock valued at $328,000 after buying an additional 804 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

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.