Univest Corporation of Pennsylvania (NASDAQ:UVSP) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares passed 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 trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UVSP shares. Zacks Research upgraded Univest Corporation of Pennsylvania to a “hold” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Piper Sandler initiated coverage on Univest Corporation of Pennsylvania in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 price objective on the stock. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s 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 Stock Performance

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

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 (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm 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, equities research analysts expect that Univest Corporation of Pennsylvania will post 2.36 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. Univest Corporation of Pennsylvania’s payout ratio is currently 28.03%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UVSP. State of Alaska Department of Revenue acquired a new position in Univest Corporation of Pennsylvania in the third quarter worth approximately $34,000. Russell Investments Group Ltd. acquired a new position in Univest Corporation of Pennsylvania in the 2nd quarter valued at approximately $42,000. Geneos Wealth Management Inc. raised its holdings in shares of Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter worth about $91,000. Finally, Tower Research Capital LLC TRC lifted its stake in Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,324 shares during the last quarter. 75.07% of the stock is 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.