Univest Financial (UVSP) Set to Announce Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Univest Financial to post earnings of $0.56 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. The business had revenue of $120.81 million during the quarter, compared to the consensus estimate of $72.50 million. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same period in the prior year, the company earned $0.61 earnings per share. 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 Performance

Shares of Univest Financial stock opened at $27.08 on Tuesday. The firm’s fifty day simple moving average is $27.55 and its 200-day simple moving average is $24.40. Univest Financial has a 12 month low of $16.10 and a 12 month high of $29.49. The stock has a market capitalization of $789.92 million, a price-to-earnings ratio of 11.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.01.

Univest Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.10%. Univest Financial’s dividend payout ratio is presently 34.43%.

Insiders Place Their Bets

In other news, CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the sale, the chief executive officer now owns 90,187 shares of the company’s stock, valued at $2,570,329.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the sale, the chief executive officer now owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael S. Keim sold 3,633 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the transaction, the chief operating officer now directly owns 55,679 shares in the company, valued at approximately $1,601,328.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,389 shares of company stock worth $412,352. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UVSP. Piper Sandler increased their target price on shares of Univest Financial from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $29.00 target price (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th.

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.