Univest Financial (NASDAQ:UVSP – Get Rating) released its quarterly earnings results on Wednesday. The financial services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.09, MarketWatch Earnings reports. Univest Financial had a net margin of 31.34% and a return on equity of 12.27%. During the same quarter last year, the company posted $1.11 earnings per share.
UVSP stock traded up $0.18 during midday trading on Friday, hitting $25.43. The company’s stock had a trading volume of 322 shares, compared to its average volume of 80,099. Univest Financial has a 12 month low of $24.40 and a 12 month high of $31.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $750.87 million, a price-to-earnings ratio of 8.09 and a beta of 1.00. The company has a 50 day moving average of $27.17 and a two-hundred day moving average of $28.79.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.30%. This is a positive change from Univest Financial’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, May 10th. Univest Financial’s dividend payout ratio is currently 25.64%.
Hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its stake in Univest Financial by 270.5% in the 2nd quarter. Morgan Stanley now owns 33,206 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 24,243 shares during the period. Credit Suisse AG boosted its stake in Univest Financial by 9.9% in the 4th quarter. Credit Suisse AG now owns 24,114 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 2,164 shares during the period. Millennium Management LLC bought a new position in Univest Financial in the 2nd quarter worth approximately $541,000. Deutsche Bank AG boosted its stake in Univest Financial by 5.3% in the 4th 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 period. Finally, LPL Financial LLC boosted its stake in Univest Financial by 98.6% in the 4th quarter. LPL Financial LLC now owns 14,844 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 7,368 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.
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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