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

Univest Corporation of Pennsylvania (NASDAQ:UVSP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $39.59 and traded as high as $42.59. Univest Corporation of Pennsylvania shares last traded at $42.57, with a volume of 369,171 shares trading hands.

Wall Street Analyst Weigh In

UVSP has been the subject of a number of analyst reports. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their price objective on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, Zacks Research raised Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a research note 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 stock. Based on data from MarketBeat.com, Univest Corporation of Pennsylvania currently has an average rating of “Buy” and a consensus target price of $40.50.

Univest Corporation of Pennsylvania Stock Performance

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 12.33 and a beta of 0.65. The firm’s 50-day moving average is $43.13 and its two-hundred day moving average is $39.61. 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 posted 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). 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 expect that Univest Corporation of Pennsylvania will post 3.67 earnings per share for the current year.

Univest Corporation of Pennsylvania Dividend Announcement

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

Insider Buying and Selling

In other Univest Corporation of Pennsylvania 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 transaction, the director owned 24,684 shares in the company, valued at approximately $1,062,152.52. This trade represents a 24.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.83% of the company’s stock.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its stake in Univest Corporation of Pennsylvania by 71.3% during the 2nd quarter. Allworth Financial LP now owns 783 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 326 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Univest Corporation of Pennsylvania during the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. grew its position in shares of Univest Corporation of Pennsylvania by 545.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,252 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Univest Corporation of Pennsylvania in the second quarter valued at approximately $91,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Univest Corporation of Pennsylvania by 69.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,225 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,324 shares during the last quarter. 75.07% of the stock is owned by hedge funds and other 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.