Univest Corporation of Pennsylvania (NASDAQ:UVSP) Issues Earnings Results

Key Points

• Univest reported quarterly EPS of $0.78, missing analysts’ consensus estimate of $0.98 by $0.20. The company posted an 18.86% net margin and a 10.41% return on equity.
• UVSP shares fell $0.32 to $42.08 during Wednesday trading. The stock has a $1.16 billion market capitalization and has traded between $28.20 and $45.46 over the past year.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and an average price target of $40.50, while one director recently sold 8,000 shares for approximately $344,240.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.20), Zacks reports. Univest Corporation of Pennsylvania had a net margin of 18.86% and a return on equity of 10.41%.

Univest Corporation of Pennsylvania Price Performance

Shares of NASDAQ:UVSP traded down $0.32 during trading on Wednesday, hitting $42.08. 187,879 shares of the stock were exchanged, compared to its average volume of 206,452. The company has a fifty day moving average price of $41.76 and a two-hundred day moving average price of $39.10. The company has a market cap of $1.16 billion, a PE ratio of 12.16 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 has a 12-month low of $28.20 and a 12-month high of $45.46.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UVSP shares. Zacks Research downgraded Univest Corporation of Pennsylvania from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Keefe, Bruyette & Woods raised their price target on Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a "buy (a-)" rating on shares of Univest Corporation of Pennsylvania in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.50.

Insider Buying and Selling at Univest Corporation of Pennsylvania

In related news, Director Michael Turner sold 8,000 shares of Univest Corporation of Pennsylvania stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $43.03, for a total transaction of $344,240.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.83% of the stock is currently owned by corporate insiders.

Univest Corporation of Pennsylvania Company Profile

Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.

Univest's banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.

Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.

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