Univest Corporation of Pennsylvania (NASDAQ:UVSP) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Univest Corporation of Pennsylvania (NASDAQ:UVSP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.02 and traded as high as $34.80. Univest Corporation of Pennsylvania shares last traded at $33.55, with a volume of 204,524 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UVSP shares. Piper Sandler began coverage on Univest Corporation of Pennsylvania in a report on Wednesday, December 3rd. They set a “neutral” rating and a $34.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Univest Corporation of Pennsylvania to a “hold” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.00.

Univest Corporation of Pennsylvania Stock Performance

The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.32. The company has a market cap of $942.08 million, a price-to-earnings ratio of 10.68 and a beta of 0.69. The stock has a 50 day moving average price of $33.91 and a two-hundred day moving average price of $32.04.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Univest Corporation of Pennsylvania had a return on equity of 9.82% and a net margin of 17.51%.The business had revenue of $84.57 million during the quarter, compared to the consensus estimate of $82.54 million. Analysts predict that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Univest Corporation of Pennsylvania Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.22 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 annualized dividend and a yield of 2.6%. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is 28.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 1.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 17,012 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 295 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Univest Corporation of Pennsylvania by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider’s stock valued at $672,000 after buying an additional 369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Univest Corporation of Pennsylvania by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider’s stock valued at $487,000 after buying an additional 703 shares during the period. Martingale Asset Management L P increased its position in shares of Univest Corporation of Pennsylvania by 0.9% during the third quarter. Martingale Asset Management L P now owns 79,091 shares of the financial services provider’s stock worth $2,374,000 after acquiring an additional 731 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Univest Corporation of Pennsylvania by 2.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 38,049 shares of the financial services provider’s stock worth $1,254,000 after acquiring an additional 768 shares during the period. 75.07% of the stock is owned by institutional investors and hedge funds.

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.