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

Univest Financial (NASDAQ:UVSP) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10, Zacks reports. Univest Financial had a return on equity of 8.35% and a net margin of 14.98%. The firm had revenue of $120.81 million for the quarter, compared to analysts’ expectations of $72.50 million. During the same quarter last year, the business posted $0.61 EPS.

Univest Financial Stock Up 2.7 %

Shares of UVSP stock traded up $0.73 on Thursday, reaching $28.17. 163,046 shares of the company’s stock traded hands, compared to its average volume of 103,022. The company has a market capitalization of $824.54 million, a P/E ratio of 11.48 and a beta of 0.86. Univest Financial has a 12-month low of $16.10 and a 12-month high of $29.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $22.80 and its two-hundred day moving average price is $21.22.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued 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 Buying and Selling

In other news, CEO Jeffrey M. Schweitzer sold 9,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.55, for a total value of $202,950.00. Following the transaction, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,033,716.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% 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.