Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.20 and traded as high as $33.54. Univest Corporation of Pennsylvania shares last traded at $33.22, with a volume of 162,168 shares changing hands.

Wall Street Analysts Forecast Growth

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

Univest Corporation of Pennsylvania Trading Up 0.5%

The company has a market cap of $932.82 million, a price-to-earnings ratio of 10.58 and a beta of 0.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $33.94 and its 200-day moving average price is $32.20.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.82%. The firm had revenue of $84.57 million for the quarter, compared to analysts’ expectations of $82.54 million. On average, equities analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 11th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 28.03%.

Institutional Trading of Univest Corporation of Pennsylvania

Institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its position in Univest Corporation of Pennsylvania by 1.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 17,012 shares of the financial services provider’s stock worth $557,000 after buying an additional 295 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Univest Corporation of Pennsylvania by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Univest Corporation of Pennsylvania by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 703 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Univest Corporation of Pennsylvania by 0.9% in the third quarter. Martingale Asset Management L P now owns 79,091 shares of the financial services provider’s stock valued at $2,374,000 after acquiring an additional 731 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Univest Corporation of Pennsylvania by 2.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 38,049 shares of the financial services provider’s stock worth $1,254,000 after acquiring an additional 768 shares during the period. 75.07% of the stock is currently owned by institutional investors.

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.