Univest Financial (UVSP) Set to Announce Quarterly Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Univest Financial had a net margin of 15.85% and a return on equity of 8.89%. The firm had revenue of $71.38 million during the quarter, compared to the consensus estimate of $70.32 million. 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 Trading Down 1.5 %

Shares of UVSP stock opened at $18.45 on Wednesday. Univest Financial has a 1 year low of $16.10 and a 1 year high of $22.49. The firm has a fifty day moving average price of $19.85 and a 200-day moving average price of $19.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $544.83 million, a price-to-earnings ratio of 7.66 and a beta of 0.89.

Univest Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Tuesday, February 6th. Univest Financial’s payout ratio is 34.85%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UVSP. International Assets Investment Management LLC lifted its stake in shares of Univest Financial by 2,103.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,146 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,094 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Univest Financial by 72.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,429 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. US Bancorp DE lifted its stake in Univest Financial by 112.6% in the 2nd quarter. US Bancorp DE now owns 1,437 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 761 shares in the last quarter. Captrust Financial Advisors lifted its stake in Univest Financial by 38.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,525 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 422 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Univest Financial by 101.1% in the 2nd quarter. Royal Bank of Canada now owns 3,335 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,677 shares in the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Financial Company Profile

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.