Univest Financial (UVSP) Projected to Post Quarterly Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) will likely be issuing its quarterly earnings data 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 released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.07. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. The company had revenue of $126.59 million during the quarter, compared to the consensus estimate of $74.11 million. During the same period in the previous year, the firm earned $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 %

Shares of UVSP stock traded up $0.72 during mid-day trading on Wednesday, reaching $29.69. The company’s stock had a trading volume of 77,765 shares, compared to its average volume of 73,463. The company’s 50 day simple moving average is $30.56 and its 200-day simple moving average is $28.24. 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 12-month low of $18.41 and a 12-month high of $32.75. The firm has a market capitalization of $862.29 million, a PE ratio of 11.92 and a beta of 0.89.

Univest Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report 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.