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

Univest Corporation of Pennsylvania (NASDAQ:UVSP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.65 and traded as high as $42.47. Univest Corporation of Pennsylvania shares last traded at $41.64, with a volume of 355,751 shares.

Wall Street Analyst Weigh In

UVSP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised their price target on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Univest Corporation of Pennsylvania presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Univest Corporation of Pennsylvania Trading Up 0.4%

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 12.50 and a beta of 0.67. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $35.65.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. The company had revenue of $87.45 million during the quarter, compared to the consensus estimate of $84.85 million. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. On average, research analysts expect that Univest Corporation of Pennsylvania will post 3.6 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 6th. This is an increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. Univest Corporation of Pennsylvania’s dividend payout ratio is 27.63%.

Insiders Place Their Bets

In other news, CFO Brian J. Richardson sold 2,090 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $40.90, for a total value of $85,481.00. Following the completion of the sale, the chief financial officer directly owned 24,228 shares of the company’s stock, valued at $990,925.20. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Michael S. Keim sold 7,245 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.71, for a total value of $280,453.95. Following the transaction, the chief operating officer owned 66,979 shares of the company’s stock, valued at $2,592,757.09. This represents a 9.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 36,268 shares of company stock worth $1,427,334 in the last three months. 1.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

A number of large investors have recently added to or reduced their stakes in UVSP. Russell Investments Group Ltd. acquired a new stake in Univest Corporation of Pennsylvania during the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. increased its holdings in shares of Univest Corporation of Pennsylvania by 545.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,252 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Univest Corporation of Pennsylvania in the second quarter valued at about $91,000. Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 1,324 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Univest Corporation of Pennsylvania by 18.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,774 shares of the financial services provider’s stock worth $203,000 after buying an additional 1,040 shares during the last quarter. Institutional investors own 75.07% of the company’s stock.

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.