Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.32 and traded as high as $34.29. Univest Corporation of Pennsylvania shares last traded at $33.70, with a volume of 196,242 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. Piper Sandler started coverage on shares of Univest Corporation of Pennsylvania in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 price objective for the company. Keefe, Bruyette & Woods lifted 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 research note on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Univest Corporation of Pennsylvania to a “hold” rating in a report 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. According to data from MarketBeat.com, Univest Corporation of Pennsylvania currently has a consensus rating of “Hold” and an average target price of $35.00.

Univest Corporation of Pennsylvania Price Performance

The company has a market cap of $946.30 million, a price-to-earnings ratio of 10.73 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 has a 50-day moving average price of $34.02 and a 200 day moving average price of $32.32.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $84.57 million for the quarter, compared to analysts’ expectations 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, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 28.03%.

Institutional Trading of Univest Corporation of Pennsylvania

A number of hedge funds have recently bought and sold shares of UVSP. Los Angeles Capital Management LLC boosted its holdings in shares of Univest Corporation of Pennsylvania by 1.8% in the fourth 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 increased 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 worth $672,000 after acquiring an additional 369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Univest Corporation of Pennsylvania by 4.3% during 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 during the period. Martingale Asset Management L P raised its holdings in shares of Univest Corporation of Pennsylvania by 0.9% during 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 during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Univest Corporation of Pennsylvania by 2.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 38,049 shares of the financial services provider’s stock valued at $1,254,000 after acquiring an additional 768 shares in the last quarter. 75.07% of the stock is owned by hedge funds and other institutional investors.

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.