Univest Financial (NASDAQ:UVSP – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07, Yahoo Finance reports. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. The firm had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same quarter in the prior year, the firm posted $0.58 EPS.
Univest Financial Stock Performance
Shares of Univest Financial stock traded down $0.51 during trading on Friday, hitting $27.77. 37,521 shares of the stock were exchanged, compared to its average volume of 101,562. Univest Financial has a 1-year low of $16.10 and a 1-year high of $29.49. The stock has a market capitalization of $812.88 million, a price-to-earnings ratio of 11.77 and a beta of 0.85. The company has a fifty day moving average price of $27.66 and a 200-day moving average price of $24.51. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17.
Univest Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, November 6th. Univest Financial’s dividend payout ratio (DPR) is presently 35.15%.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
UVSP has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a report on Friday, July 26th.
Read Our Latest Report on Univest Financial
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.
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