Univest Financial (NASDAQ:UVSP) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Univest Financial (NASDAQ:UVSP) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10, Zacks reports. The company had revenue of $120.81 million during the quarter, compared to analysts’ expectations of $72.50 million. Univest Financial had a return on equity of 8.29% and a net margin of 14.91%. During the same period in the prior year, the company earned $0.61 EPS.

Univest Financial Price Performance

Shares of NASDAQ:UVSP opened at $28.17 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. Univest Financial has a 52 week low of $16.10 and a 52 week high of $29.49. The firm has a market cap of $824.54 million, a PE ratio of 11.79 and a beta of 0.86. The firm’s fifty day moving average is $22.80 and its 200-day moving average is $21.22.

Univest Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, August 7th. Univest Financial’s dividend payout ratio (DPR) is currently 35.15%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $23.00 target price (up from $22.00) on shares of Univest Financial in a research report on Friday, April 26th.

Insider Activity at Univest Financial

In other Univest Financial news, CEO Jeffrey M. Schweitzer sold 9,000 shares of Univest Financial stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.55, for a total transaction of $202,950.00. Following the transaction, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,033,716.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

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.