Univest Corporation of Pennsylvania (NASDAQ:UVSP) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several recent analyst reports. 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. Zacks Research downgraded shares of Univest Corporation of Pennsylvania from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Univest Corporation of Pennsylvania Trading Up 1.6%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day moving average is $41.96 and its 200-day moving average is $40.96. The company has a market capitalization of $1.13 billion, a P/E ratio of 11.86 and a beta of 0.67.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its earnings results 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 net margin of 18.86% and a return on equity of 10.41%. The business had revenue of $89.59 million for the quarter, compared to the consensus estimate of $86.66 million. As a group, equities research analysts anticipate that Univest Corporation of Pennsylvania will post 3.72 earnings per share 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, August 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is presently 26.59%.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Michael Turner sold 8,000 shares of the business’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 completion of the transaction, the director owned 24,684 shares of the company’s stock, valued at approximately $1,062,152.52. The trade was a 24.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.83% of the company’s stock.

Institutional Trading of Univest Corporation of Pennsylvania

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 49.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,074 shares of the financial services provider’s stock valued at $44,000 after buying an additional 355 shares during the period. Everhart Financial Group Inc. boosted its stake in shares of Univest Corporation of Pennsylvania by 3.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 49,737 shares of the financial services provider’s stock worth $2,038,000 after buying an additional 1,856 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Univest Corporation of Pennsylvania by 71.3% in the second quarter. Allworth Financial LP now owns 783 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 326 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Univest Corporation of Pennsylvania in the second quarter worth $358,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Univest Corporation of Pennsylvania by 124.9% in the second quarter. Hsbc Holdings PLC now owns 52,472 shares of the financial services provider’s stock worth $2,317,000 after acquiring an additional 29,138 shares during the period. 75.07% of the stock is currently owned by institutional investors.

Univest Corporation of Pennsylvania Company Profile

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.