Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.25 and traded as high as $33.44. Univest Corporation of Pennsylvania shares last traded at $32.84, with a volume of 148,186 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UVSP shares. 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 note on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on shares of Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Univest Corporation of Pennsylvania to a “hold” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.00.

Univest Corporation of Pennsylvania Stock Down 0.8%

The business’s 50 day moving average is $33.96 and its 200 day moving average is $32.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $922.15 million, a price-to-earnings ratio of 10.46 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $82.54 million. Sell-side analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The company 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. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, February 11th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 28.03%.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

A number of large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in 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 valued at $279,000 after acquiring an additional 1,290 shares during the period. Empowered Funds LLC grew its holdings in Univest Corporation of Pennsylvania by 8.1% during the fourth quarter. Empowered Funds LLC now owns 123,230 shares of the financial services provider’s stock worth $4,035,000 after acquiring an additional 9,182 shares during the period. Polymer Capital Management US LLC grew its holdings in 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 worth $364,000 after acquiring an additional 1,458 shares during the period. Occudo Quantitative Strategies LP grew its stake in shares of Univest Corporation of Pennsylvania by 8.7% during the 4th quarter. Occudo Quantitative Strategies LP now owns 10,005 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 804 shares during the period. Finally, Man Group plc purchased a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter valued at approximately $711,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

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.