Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.36 and traded as high as $30.84. Univest Corporation of Pennsylvania shares last traded at $30.04, with a volume of 213,329 shares trading hands.
Univest Corporation of Pennsylvania Stock Performance
The company has a market capitalization of $867.56 million, a price-to-earnings ratio of 11.25 and a beta of 0.74. The stock has a 50 day simple moving average of $29.79 and a 200 day simple moving average of $29.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The business had revenue of $79.20 million during the quarter, compared to analyst estimates of $77.65 million. Univest Corporation of Pennsylvania had a return on equity of 8.84% and a net margin of 15.54%. As a group, analysts anticipate that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.
Univest Corporation of Pennsylvania Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.22 per share. This is an increase from Univest Corporation of Pennsylvania's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. Univest Corporation of Pennsylvania's payout ratio is 32.96%.
Hedge Funds Weigh In On Univest Corporation of Pennsylvania
Several institutional investors have recently modified their holdings of UVSP. Rhumbline Advisers boosted its position in shares of Univest Corporation of Pennsylvania by 2.9% during the fourth quarter. Rhumbline Advisers now owns 46,768 shares of the financial services provider's stock worth $1,380,000 after buying an additional 1,315 shares during the period. Bank of New York Mellon Corp boosted its position in Univest Corporation of Pennsylvania by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 152,028 shares of the financial services provider's stock worth $4,486,000 after acquiring an additional 807 shares during the period. Bailard Inc. grew its stake in shares of Univest Corporation of Pennsylvania by 1.6% in the fourth quarter. Bailard Inc. now owns 21,132 shares of the financial services provider's stock worth $624,000 after purchasing an additional 332 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Univest Corporation of Pennsylvania by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 28,200 shares of the financial services provider's stock worth $832,000 after purchasing an additional 700 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at $2,299,000. Institutional investors own 75.07% of the company's stock.
About Univest Corporation of Pennsylvania
(
Get Free Report)
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.
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