Univest Financial (UVSP) to Release Quarterly Earnings on Wednesday

Univest Financial (NASDAQ:UVSP) is expected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Univest Financial to post earnings of $0.57 per share and revenue of $73,450.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Univest Financial (NASDAQ:UVSP) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The business had revenue of $126.59 million for the quarter, compared to analysts’ expectations of $74.11 million. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. During the same period in the previous year, the company 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 Stock Up 0.9 %

Shares of Univest Financial stock opened at $29.69 on Monday. Univest Financial has a 1-year low of $18.41 and a 1-year high of $32.75. The company has a market capitalization of $862.20 million, a PE ratio of 11.92 and a beta of 0.89. 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 business has a 50-day moving average of $30.51 and a 200-day moving average of $28.37.

Univest Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

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.