Univest Financial (NASDAQ:UVSP) Posts Earnings Results, Beats Estimates By $0.08 EPS

Univest Financial (NASDAQ:UVSP) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08, Zacks reports. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%.

Univest Financial Price Performance

Univest Financial stock opened at $29.86 on Friday. The stock has a market cap of $867.13 million, a price-to-earnings ratio of 11.53 and a beta of 0.89. Univest Financial has a 12-month low of $18.41 and a 12-month high of $32.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $30.42 and its 200 day simple moving average is $28.49.

Univest Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. Univest Financial’s payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

UVSP has been the topic of several research analyst reports. Piper Sandler raised their price target on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stephens restated an “equal weight” rating and issued a $31.00 price target on shares of Univest Financial in a research report on Thursday.

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.