Univest Financial (UVSP) Expected to Announce Quarterly Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) is expected to be announcing its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $73,450.00 billion for the quarter.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. The business had revenue of $126.59 million for the quarter, compared to the consensus estimate of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, analysts expect Univest Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Univest Financial Trading Up 2.5 %

UVSP stock traded up $0.72 during midday trading on Wednesday, hitting $29.69. The stock had a trading volume of 77,765 shares, compared to its average volume of 73,463. The company’s 50-day moving average price is $30.56 and its 200 day moving average price is $28.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $862.29 million, a PE ratio of 11.92 and a beta of 0.89. Univest Financial has a 12-month low of $18.41 and a 12-month high of $32.75.

Univest Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, November 6th. Univest Financial’s dividend payout ratio is currently 33.73%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target on 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.