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

Univest Financial (NASDAQ:UVSPGet Rating) will be releasing its earnings data after the market closes on Wednesday, April 27th. Analysts expect Univest Financial to post earnings of $0.59 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Univest Financial (NASDAQ:UVSPGet Rating) last released its earnings results on Wednesday, January 26th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $68.20 million. Univest Financial had a return on equity of 12.27% and a net margin of 31.34%. During the same period last year, the firm posted $0.92 EPS. On average, analysts expect Univest Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Univest Financial stock opened at $26.08 on Wednesday. The stock has a market capitalization of $770.06 million, a P/E ratio of 8.36 and a beta of 1.00. The company’s fifty day simple moving average is $27.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Univest Financial has a 52-week low of $24.65 and a 52-week high of $31.93.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Wednesday, February 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, February 8th. Univest Financial’s payout ratio is 25.64%.

A number of research firms recently issued reports on UVSP. StockNews.com began coverage on shares of Univest Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Univest Financial from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, February 1st.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Univest Financial by 1.5% in the fourth quarter. BlackRock Inc. now owns 2,950,879 shares of the financial services provider’s stock valued at $88,289,000 after acquiring an additional 44,282 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Univest Financial by 1.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,303,103 shares of the financial services provider’s stock valued at $38,989,000 after acquiring an additional 18,997 shares during the period. Deutsche Bank AG grew its holdings in shares of Univest Financial by 5.3% in the fourth quarter. Deutsche Bank AG now owns 17,564 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 888 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Univest Financial by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 40,766 shares of the financial services provider’s stock worth $1,220,000 after purchasing an additional 937 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Univest Financial by 4.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 262,523 shares of the financial services provider’s stock worth $7,855,000 after purchasing an additional 10,644 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Univest Financial Company Profile (Get Rating)

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides 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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Earnings History for Univest Financial (NASDAQ:UVSP)

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