Univest Financial (NASDAQ:UVSP) Issues Earnings Results

Univest Financial (NASDAQ:UVSP) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating 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 Price Performance

Shares of NASDAQ:UVSP traded down $0.20 during midday trading on Wednesday, hitting $29.95. The stock had a trading volume of 139,772 shares, compared to its average volume of 79,046. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial has a fifty-two week low of $18.41 and a fifty-two week high of $32.75. The company has a market capitalization of $869.75 million, a P/E ratio of 12.03 and a beta of 0.89. The company’s 50-day moving average price is $30.47 and its 200-day moving average price is $28.42.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note 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.