Univest Corporation of Pennsylvania (NASDAQ:UVSP) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Univest Corporation of Pennsylvania (NASDAQ:UVSP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.65 and traded as high as $42.47. Univest Corporation of Pennsylvania shares last traded at $41.64, with a volume of 355,751 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UVSP shares. Keefe, Bruyette & Woods upped their price target on Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Univest Corporation of Pennsylvania has an average rating of “Hold” and an average target price of $37.00.

Univest Corporation of Pennsylvania Stock Performance

The firm’s fifty day moving average price is $39.00 and its 200-day moving average price is $35.69. The company has a market cap of $1.16 billion, a P/E ratio of 12.50 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. The business had revenue of $87.45 million during the quarter, compared to analysts’ expectations of $84.85 million. As a group, research analysts forecast that Univest Corporation of Pennsylvania will post 3.6 EPS 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 20th. Shareholders of record on Wednesday, May 6th were issued a $0.23 dividend. This is a positive change from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.2%. Univest Corporation of Pennsylvania’s payout ratio is currently 27.63%.

Insider Transactions at Univest Corporation of Pennsylvania

In other news, Director Natalye Paquin sold 13,000 shares of Univest Corporation of Pennsylvania stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.80, for a total transaction of $491,400.00. Following the sale, the director owned 17,004 shares of the company’s stock, valued at approximately $642,751.20. This trade represents a 43.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael S. Keim sold 7,245 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $38.71, for a total value of $280,453.95. Following the sale, the chief operating officer owned 66,979 shares in the company, valued at approximately $2,592,757.09. This represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,268 shares of company stock worth $1,427,334 over the last 90 days. Insiders own 1.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UVSP. UNIVEST FINANCIAL Corp raised its stake in shares of Univest Corporation of Pennsylvania by 22.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 617,526 shares of the financial services provider’s stock valued at $20,218,000 after buying an additional 112,203 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Univest Corporation of Pennsylvania during the 4th quarter worth about $688,000. Global Retirement Partners LLC acquired a new stake in shares of Univest Corporation of Pennsylvania during the 4th quarter valued at about $631,000. Strs Ohio boosted its position in shares of Univest Corporation of Pennsylvania by 3.0% during the 1st quarter. Strs Ohio now owns 20,600 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 600 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Univest Corporation of Pennsylvania by 359.9% in the first quarter. SG Americas Securities LLC now owns 99,155 shares of the financial services provider’s stock valued at $3,397,000 after acquiring an additional 77,594 shares during the period. 75.07% of the stock is owned by institutional investors.

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.