Univest Financial (NASDAQ:UVSP - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Univest Financial to post earnings of $0.48 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $71.38 million during the quarter, compared to the consensus estimate of $70.32 million. Univest Financial had a return on equity of 8.89% and a net margin of 15.85%. On average, analysts expect Univest Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Univest Financial Stock Performance
Univest Financial stock traded down $0.01 during trading hours on Wednesday, reaching $18.44. 82,616 shares of the stock were exchanged, compared to its average volume of 106,645. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. Univest Financial has a 52-week low of $16.10 and a 52-week high of $22.49. The stock has a market cap of $544.53 million, a P/E ratio of 7.65 and a beta of 0.89. The firm's 50 day moving average is $19.83 and its 200 day moving average is $19.54.
Univest Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Tuesday, February 6th. Univest Financial's payout ratio is 34.85%.
Analysts Set New Price Targets
Separately, Piper Sandler lifted their price objective on shares of Univest Financial from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st.
Read Our Latest Stock Analysis on UVSP
Institutional Investors Weigh In On Univest Financial
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its position in shares of Univest Financial by 333.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,900 shares of the financial services provider's stock worth $104,000 after buying an additional 3,000 shares in the last quarter. Raymond James & Associates acquired a new stake in Univest Financial in the 1st quarter valued at about $369,000. Bank of New York Mellon Corp boosted its holdings in Univest Financial by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 203,722 shares of the financial services provider's stock worth $5,452,000 after buying an additional 6,108 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Univest Financial by 25.5% during the 1st quarter. American Century Companies Inc. now owns 50,352 shares of the financial services provider's stock worth $1,347,000 after acquiring an additional 10,239 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Univest Financial by 59.6% in the 1st quarter. MetLife Investment Management LLC now owns 15,049 shares of the financial services provider's stock worth $403,000 after purchasing an additional 5,621 shares in the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.
About Univest Financial
(
Get Free Report)
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.
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