Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Univest Corporation of Pennsylvania (NASDAQ:UVSP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $39.29 and traded as high as $42.10. Univest Corporation of Pennsylvania shares last traded at $41.63, with a volume of 224,022 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UVSP shares. Keefe, Bruyette & Woods upped their price objective on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $40.50.

Univest Corporation of Pennsylvania Stock Performance

The stock has a market cap of $1.17 billion, a PE ratio of 12.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day simple moving average of $43.36 and a two-hundred day simple moving average of $39.34.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $89.59 million during the quarter, compared to the consensus estimate of $86.66 million. Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%. Equities analysts anticipate that Univest Corporation of Pennsylvania will post 3.67 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.92 annualized dividend and a yield of 2.2%. Univest Corporation of Pennsylvania’s dividend payout ratio is presently 26.59%.

Insider Buying and Selling

In other news, CEO Jeffrey M. Schweitzer sold 13,933 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.91, for a total transaction of $569,999.03. Following the completion of the sale, the chief executive officer directly owned 110,513 shares of the company’s stock, valued at $4,521,086.83. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian J. Richardson sold 2,090 shares of Univest Corporation of Pennsylvania stock in a transaction 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 transaction, the chief financial officer owned 24,228 shares in the company, valued at $990,925.20. The trade was a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,023 shares of company stock valued at $999,720 over the last three months. Company insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in Univest Corporation of Pennsylvania in the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. boosted its position 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 worth $76,000 after buying an additional 2,252 shares during the period. Osaic Holdings Inc. acquired a new position in Univest Corporation of Pennsylvania during the second quarter valued at $91,000. Tower Research Capital LLC TRC boosted its position 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 worth $97,000 after acquiring an additional 1,324 shares during the period. Finally, Mariner LLC purchased a new stake in shares of Univest Corporation of Pennsylvania in the fourth quarter worth approximately $211,000. Institutional investors and hedge funds 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.