Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analyst Ratings Changes
UVSP has been the topic of a number of analyst reports. Weiss Ratings raised Univest Corporation of Pennsylvania from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Tuesday, July 28th. Zacks Research raised shares of Univest Corporation of Pennsylvania from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $40.50.
Read Our Latest Analysis on Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania Stock Performance
The firm's 50 day simple moving average is $43.39 and its 200-day simple moving average is $39.29. 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 company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.03 and a beta of 0.65.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%.The business had revenue of $89.59 million during the quarter, compared to analyst estimates of $86.66 million. Analysts expect that Univest Corporation of Pennsylvania will post 3.67 EPS for the current year.
Univest Corporation of Pennsylvania Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 5th. Univest Corporation of Pennsylvania's dividend payout ratio is currently 26.59%.
Insiders Place Their Bets
In other news, Director Michael L. Turner sold 8,000 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the transaction, the director owned 24,684 shares in the company, valued at $1,062,152.52. This represents a 24.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey M. Schweitzer sold 13,933 shares of the stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,023 shares of company stock worth $999,720. 1.83% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Univest Corporation of Pennsylvania
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Univest Corporation of Pennsylvania during the 2nd quarter valued at $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 second quarter worth $91,000. Tower Research Capital LLC TRC boosted its position in Univest Corporation of Pennsylvania by 69.6% during 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 last quarter. Finally, Mariner LLC acquired a new stake in Univest Corporation of Pennsylvania during the fourth quarter valued at $211,000. Institutional investors and hedge funds own 75.07% of the company's stock.
About Univest Corporation of Pennsylvania
(
Get Free Report)
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.
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