Univest Financial (NASDAQ:UVSP) Issues Quarterly Earnings Results

Univest Financial (NASDAQ:UVSP) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08, Zacks reports. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%.

Univest Financial Stock Down 0.7 %

Shares of NASDAQ UVSP opened at $29.95 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Univest Financial has a 52 week low of $18.41 and a 52 week high of $32.75. The stock has a market capitalization of $869.75 million, a P/E ratio of 12.03 and a beta of 0.89. The stock’s fifty day moving average is $30.42 and its 200 day moving average is $28.49.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Univest Financial Company Profile

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.