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

Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.21 and traded as high as $33.60. Univest Corporation of Pennsylvania shares last traded at $33.51, with a volume of 133,487 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Univest Corporation of Pennsylvania from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Zacks Research upgraded Univest Corporation of Pennsylvania to a “hold” rating in a research report on Thursday, December 4th. Piper Sandler assumed coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.00.

Univest Corporation of Pennsylvania Stock Performance

The stock has a 50-day moving average price of $32.72 and a 200 day moving average price of $31.21. The firm has a market capitalization of $954.23 million, a price-to-earnings ratio of 11.17 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 0.14.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. The company had revenue of $26.25 million during the quarter, compared to the consensus estimate of $81.75 million. Univest Corporation of Pennsylvania had a net margin of 16.94% and a return on equity of 9.55%. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, November 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 29.33%.

Institutional Trading of Univest Corporation of Pennsylvania

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in Univest Corporation of Pennsylvania during the 3rd quarter worth $34,000. Russell Investments Group Ltd. purchased a new position in shares of Univest Corporation of Pennsylvania during the second quarter worth about $42,000. Geneos Wealth Management Inc. increased its position 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 purchasing an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania in the 2nd quarter valued at about $91,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Univest Corporation of Pennsylvania by 69.6% in 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 during the last quarter. Institutional investors and hedge funds 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.