Univest Financial (NASDAQ:UVSP – Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07, Yahoo Finance reports. Univest Financial had a net margin of 14.91% and a return on equity of 8.23%. The firm had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same quarter in the previous year, the firm posted $0.58 EPS.
Univest Financial Price Performance
UVSP traded down $0.56 during trading on Friday, hitting $27.72. 35,066 shares of the stock traded hands, compared to its average volume of 101,542. The business has a 50 day moving average price of $27.66 and a 200 day moving average price of $24.51. The company has a market cap of $811.42 million, a price-to-earnings ratio of 11.77 and a beta of 0.85. Univest Financial has a twelve month low of $16.10 and a twelve month high of $29.49. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 3.03%. Univest Financial’s dividend payout ratio is 35.15%.
Insider Activity
Analyst Upgrades and Downgrades
UVSP has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $29.00 price target (up from $23.00) on shares of Univest Financial in a research note on Friday, July 26th. Piper Sandler upped their target price on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday.
Read Our Latest Report on UVSP
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.
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