Univest Financial (NASDAQ:UVSP) Issues Quarterly Earnings Results

Univest Financial (NASDAQ:UVSP) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07, Yahoo Finance reports. The business had revenue of $126.59 million during the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same period last year, the company earned $0.58 EPS.

Univest Financial Trading Down 1.4 %

Univest Financial stock traded down $0.41 during mid-day trading on Friday, hitting $27.87. The company’s stock had a trading volume of 87,492 shares, compared to its average volume of 101,803. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50 day moving average of $27.69 and a 200-day moving average of $24.56. Univest Financial has a one year low of $16.10 and a one year high of $29.49. The stock has a market cap of $815.81 million, a PE ratio of 11.66 and a beta of 0.85.

Univest Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, November 6th. Univest Financial’s dividend payout ratio is currently 35.15%.

Insider Transactions at Univest Financial

In other news, CEO Jeffrey M. Schweitzer sold 4,541 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $28.75, for a total value of $130,553.75. Following the transaction, the chief executive officer now directly owns 90,187 shares in the company, valued at approximately $2,592,876.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey M. Schweitzer sold 4,541 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.75, for a total value of $130,553.75. Following the completion of the sale, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,592,876.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total value of $34,200.00. Following the transaction, the chief executive officer now owns 90,187 shares in the company, valued at $2,570,329.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,389 shares of company stock worth $412,352. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UVSP has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 price target (up from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler raised their target price on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday.

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.