Univest Corporation of Pennsylvania (NASDAQ:UVSP) Posts Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• Earnings beat: Univest reported $0.96 EPS vs. a $0.84 consensus and revenue of $87.45M vs. $84.85M, with a net margin of 17.51% and ROE of 9.82%.
• Dividend maintained: The company paid a quarterly dividend of $0.22 per share (annualized $0.88), representing a 2.4% dividend yield and a payout ratio of 28.03%.
• Valuation and outlook: Univest has a market cap of $1.03 billion and a P/E of 11.7, its shares trade near $36.73 (52‑week range $27.77–$38.22), and analysts have a consensus rating of Hold with an average price target of $35.00.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.84 by $0.12, Zacks reports. The firm had revenue of $87.45 million for the quarter, compared to analyst estimates of $84.85 million. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.82%.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock opened at $36.73 on Thursday. The company's 50 day simple moving average is $34.72 and its 200-day simple moving average is $33.07. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.70 and a beta of 0.61. Univest Corporation of Pennsylvania has a 1 year low of $27.77 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.05.

Univest Corporation of Pennsylvania Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. Univest Corporation of Pennsylvania's dividend payout ratio (DPR) is currently 28.03%.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

A number of hedge funds have recently made changes to their positions in UVSP. Los Angeles Capital Management LLC increased its holdings in Univest Corporation of Pennsylvania by 1.8% in 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 during the last quarter. BNP Paribas Financial Markets lifted its stake in Univest Corporation of Pennsylvania by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 22,354 shares of the financial services provider's stock worth $672,000 after purchasing an additional 369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Univest Corporation of Pennsylvania by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock worth $487,000 after buying an additional 703 shares during the period. Martingale Asset Management L P boosted 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 buying an additional 731 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Univest Corporation of Pennsylvania by 2.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 38,049 shares of the financial services provider's stock valued at $1,254,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company's stock.

Analyst Ratings Changes

UVSP has been the subject of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Univest Corporation of Pennsylvania in a research report on Friday, March 27th. Keefe, Bruyette & Woods lifted their target price on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the company a "market perform" rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.00.

About Univest Corporation of Pennsylvania

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.