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

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

Univest Financial (NASDAQ:UVSP) last issued 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. The business had revenue of $71.38 million for the quarter, compared to the consensus estimate of $70.32 million. Univest Financial had a net margin of 15.85% and a return on equity of 8.89%. 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 Stock Down 1.5 %

Shares of NASDAQ UVSP opened at $18.45 on Wednesday. The firm’s 50-day simple moving average is $19.85 and its 200 day simple moving average is $19.55. The company has a market cap of $544.83 million, a price-to-earnings ratio of 7.66 and a beta of 0.89. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. Univest Financial has a 12-month low of $16.10 and a 12-month high of $22.49.

Univest Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a $0.21 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.55%. Univest Financial’s dividend payout ratio (DPR) is presently 34.85%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UVSP. 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 valued at $104,000 after buying an additional 3,000 shares during the period. Raymond James & Associates bought a new position in Univest Financial in the 1st quarter worth about $369,000. Bank of New York Mellon Corp increased its stake in Univest Financial by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 203,722 shares of the financial services provider’s stock worth $5,452,000 after acquiring an additional 6,108 shares during the last quarter. American Century Companies Inc. increased its position in shares of Univest Financial by 25.5% during the 1st quarter. American Century Companies Inc. now owns 50,352 shares of the financial services provider’s stock valued at $1,347,000 after purchasing an additional 10,239 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Univest Financial by 59.6% during the 1st quarter. MetLife Investment Management LLC now owns 15,049 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 5,621 shares during the last quarter. Institutional investors own 75.07% of the company’s stock.

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.