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

Univest Corporation of Pennsylvania (NASDAQ:UVSP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.10 and traded as high as $33.42. Univest Corporation of Pennsylvania shares last traded at $33.31, with a volume of 159,636 shares traded.

Analyst Ratings Changes

UVSP has been the subject of a number of research reports. Piper Sandler initiated coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Univest Corporation of Pennsylvania Price Performance

The firm has a 50 day moving average price of $32.36 and a two-hundred day moving average price of $31.12. The company has a market cap of $936.14 million, a P/E ratio of 10.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.02.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. The firm had revenue of $62.30 million for the quarter. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were given a $0.22 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. Univest Corporation of Pennsylvania’s payout ratio is presently 29.33%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UVSP. State of Alaska Department of Revenue purchased a new stake in shares of Univest Corporation of Pennsylvania in the third quarter worth $34,000. Russell Investments Group Ltd. bought a new position in Univest Corporation of Pennsylvania in the 2nd quarter worth about $42,000. Geneos Wealth Management Inc. grew its position in Univest Corporation of Pennsylvania by 545.3% during the 1st 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. purchased a new stake in Univest Corporation of Pennsylvania during the 2nd quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC increased its stake in Univest Corporation of Pennsylvania by 69.6% during the 2nd 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 in 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.