Univest Financial (NASDAQ:UVSP) Posts Quarterly Earnings Results

Univest Financial (NASDAQ:UVSP) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13, Zacks reports. The company had revenue of $79.20 million for the quarter, compared to the consensus estimate of $77.65 million. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%.

Univest Financial Stock Performance

Shares of Univest Financial stock opened at $28.45 on Thursday. 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 $825.11 million, a price-to-earnings ratio of 10.98 and a beta of 0.72. Univest Financial has a one year low of $19.61 and a one year high of $32.75. The stock’s 50-day moving average is $28.35 and its 200-day moving average is $29.39.

Univest Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.22 dividend. This is an increase from Univest Financial’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.09%. Univest Financial’s dividend payout ratio (DPR) is currently 32.43%.

Insider Activity at Univest Financial

In other Univest Financial news, Director Anne Vazquez acquired 1,250 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $28.63 per share, with a total value of $35,787.50. Following the completion of the transaction, the director now directly owns 6,250 shares in the company, valued at $178,937.50. This trade represents a 25.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Univest Financial in a report on Thursday, January 23rd.

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.