Univest Financial (UVSP) to Release Quarterly Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. Univest Financial had a return on equity of 8.89% and a net margin of 15.85%. The business 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 Up 4.6 %

Shares of Univest Financial stock opened at $19.44 on Monday. The stock has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $19.59. Univest Financial has a 12-month low of $16.10 and a 12-month high of $22.49. The company has a market capitalization of $574.06 million, a P/E ratio of 8.07 and a beta of 0.89. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.84 annualized dividend and a yield of 4.32%. Univest Financial’s dividend payout ratio (DPR) is currently 34.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in 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 worth $25,000 after purchasing an additional 1,094 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $25,000 after acquiring an additional 600 shares in the last quarter. US Bancorp DE raised its holdings in shares of Univest Financial by 112.6% in the 2nd quarter. US Bancorp DE now owns 1,437 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 761 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Univest Financial by 38.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,525 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 422 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of 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 valued at $60,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st.

About Univest Financial

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.