Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Break Above Two Hundred Day Moving Average - What's Next?

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $40.91 and traded as high as $41.33. Univest Corporation of Pennsylvania shares last traded at $40.55, with a volume of 243,257 shares traded.

Wall Street Analyst Weigh In

UVSP has been the subject of several analyst reports. Zacks Research downgraded Univest Corporation of Pennsylvania from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Keefe, Bruyette & Woods lifted their price target on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the stock a "market perform" rating in a research note on Friday, July 24th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Univest Corporation of Pennsylvania has an average rating of "Moderate Buy" and an average target price of $40.50.

Univest Corporation of Pennsylvania Trading Down 0.9%

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.12 billion, a PE ratio of 11.72 and a beta of 0.67. The company's 50-day moving average is $42.03 and its 200 day moving average is $40.91.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $89.59 million during the quarter, compared to analyst estimates of $86.66 million. As a group, sell-side analysts predict that Univest Corporation of Pennsylvania will post 3.72 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a $0.23 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 26.59%.

Insider Activity

In other news, Director Michael Turner sold 8,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $43.03, for a total value of $344,240.00. Following the completion of the sale, the director owned 24,684 shares of the company's stock, valued at $1,062,152.52. This trade represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Univest Corporation of Pennsylvania

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its holdings in shares of Univest Corporation of Pennsylvania by 71.3% in the 2nd quarter. Allworth Financial LP now owns 783 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 326 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Univest Corporation of Pennsylvania by 49.4% in the third quarter. Farther Finance Advisors LLC now owns 1,074 shares of the financial services provider's stock worth $44,000 after purchasing an additional 355 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Univest Corporation of Pennsylvania during the first quarter worth approximately $260,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Univest Corporation of Pennsylvania during the second quarter worth approximately $358,000. Finally, Amundi acquired a new stake in shares of Univest Corporation of Pennsylvania during the first quarter worth approximately $440,000. 75.07% of the stock is owned by hedge funds and other institutional investors.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal banking subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families, businesses, municipalities and nonprofit organizations.

Its offerings include checking and savings accounts, consumer and residential lending, commercial loans, treasury management, cash-management services and other deposit products.

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