Zacks: Brokerages Anticipate Univest Financial Co. (NASDAQ:UVSP) Will Post Quarterly Sales of $69.54 Million

Equities analysts expect Univest Financial Co. (NASDAQ:UVSPGet Rating) to post $69.54 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Univest Financial’s earnings. The lowest sales estimate is $69.51 million and the highest is $69.57 million. Univest Financial reported sales of $66.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Univest Financial will report full-year sales of $284.57 million for the current financial year, with estimates ranging from $282.21 million to $286.93 million. For the next year, analysts forecast that the company will post sales of $310.07 million, with estimates ranging from $309.74 million to $310.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Univest Financial.

Univest Financial (NASDAQ:UVSPGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $67.13 million for the quarter, compared to analyst estimates of $66.57 million. Univest Financial had a net margin of 27.43% and a return on equity of 10.45%. During the same quarter in the previous year, the company earned $1.11 EPS.

UVSP has been the subject of several research reports. StockNews.com began coverage on shares of Univest Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Univest Financial from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, February 1st.

Shares of UVSP opened at $25.13 on Monday. The company’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $28.39. Univest Financial has a 1 year low of $24.40 and a 1 year high of $31.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $743.67 million, a price-to-earnings ratio of 9.34 and a beta of 0.97.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 10th. This is a boost from Univest Financial’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.34%. Univest Financial’s dividend payout ratio is 31.23%.

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in shares of Univest Financial by 50.1% in the third quarter. Captrust Financial Advisors now owns 1,112 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 371 shares in the last quarter. Allworth Financial LP grew its position in Univest Financial by 7,706.3% in the first quarter. Allworth Financial LP now owns 1,249 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,233 shares in the last quarter. CWM LLC grew its position in Univest Financial by 1,450.6% in the first quarter. CWM LLC now owns 1,380 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,291 shares in the last quarter. Quadrant Capital Group LLC grew its position in Univest Financial by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,203 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 437 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in Univest Financial by 333.3% in the first quarter. Advisor Group Holdings Inc. now owns 3,900 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 3,000 shares during the last quarter. 72.15% of the stock is currently owned by hedge funds and other institutional investors.

About Univest Financial (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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