Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• UVSP shares rose above their 200-day moving average, reaching $42.98 and last trading at $42.19, compared with a 200-day average of $38.37.
• Analyst sentiment is generally positive: the stock has an average “Buy” rating and a consensus price target of $40.50, while Weiss Ratings and Zacks Research recently upgraded the shares.
• Univest reported quarterly EPS of $0.82, below the $0.87 estimate, but revenue of $89.59 million exceeded forecasts. The company also declared a $0.23 quarterly dividend, representing a 2.2% yield.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.37 and traded as high as $42.98. Univest Corporation of Pennsylvania shares last traded at $42.19, with a volume of 237,486 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. 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. Keefe, Bruyette & Woods boosted their price objective on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Univest Corporation of Pennsylvania from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Univest Corporation of Pennsylvania presently has an average rating of "Buy" and a consensus target price of $40.50.

Univest Corporation of Pennsylvania Stock Performance

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 capitalization of $1.16 billion, a price-to-earnings ratio of 12.19 and a beta of 0.66. The stock's 50-day moving average is $43.19 and its 200-day moving average is $38.37.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $89.59 million during the quarter, compared to analyst estimates of $86.66 million. Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.41%. On average, analysts predict that Univest Corporation of Pennsylvania will post 3.67 EPS for the current fiscal year.

Univest Corporation of Pennsylvania Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.2%. Univest Corporation of Pennsylvania's dividend payout ratio is presently 26.59%.

Insider Buying and Selling

In related news, CEO Jeffrey M. Schweitzer sold 13,933 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.91, for a total transaction of $569,999.03. Following the transaction, the chief executive officer directly owned 110,513 shares of the company's stock, valued at $4,521,086.83. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian J. Richardson sold 2,090 shares of Univest Corporation of Pennsylvania stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.90, for a total transaction of $85,481.00. Following the completion of the sale, the chief financial officer directly owned 24,228 shares of the company's stock, valued at approximately $990,925.20. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. 1.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Several hedge funds have recently modified their holdings of UVSP. Russell Investments Group Ltd. bought a new stake in Univest Corporation of Pennsylvania in the second quarter worth about $42,000. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $76,000 after purchasing an additional 2,252 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $91,000. Tower Research Capital LLC TRC raised 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 worth $97,000 after purchasing an additional 1,324 shares during the period. Finally, Mariner LLC purchased a new position in Univest Corporation of Pennsylvania in the fourth quarter valued at approximately $211,000. 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.

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