Wall Street analysts forecast that Univest Financial Co. (NASDAQ:UVSP) will announce earnings per share of $0.56 for the current quarter, Zacks reports. Two analysts have made estimates for Univest Financial’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.37. Univest Financial reported earnings of $0.07 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 700%. The firm is scheduled to issue its next earnings results on Wednesday, July 28th.
On average, analysts expect that Univest Financial will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $1.78 to $3.10. For the next fiscal year, analysts forecast that the firm will report earnings of $2.24 per share, with EPS estimates ranging from $1.93 to $2.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Univest Financial.
Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, April 28th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.60 by $0.51. Univest Financial had a return on equity of 5.62% and a net margin of 13.04%.
Shares of UVSP traded up $0.05 on Monday, hitting $29.23. The company’s stock had a trading volume of 42,778 shares, compared to its average volume of 110,385. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $28.27 and a 200 day moving average price of $23.95. Univest Financial has a fifty-two week low of $13.68 and a fifty-two week high of $30.14. The company has a market capitalization of $858.78 million, a PE ratio of 23.38 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 26th. Shareholders of record on Wednesday, May 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, May 11th. Univest Financial’s payout ratio is 35.40%.
In other news, Director Joseph P. Beebe purchased 4,000 shares of the firm’s stock in a transaction dated Monday, February 22nd. The stock was bought at an average price of $24.78 per share, with a total value of $99,120.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at $99,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph P. Beebe purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, February 25th. The stock was purchased at an average cost of $26.51 per share, with a total value of $66,275.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at $172,315. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 7,015 shares of company stock valued at $180,000 and have sold 6,000 shares valued at $174,110. Insiders own 2.59% of the company’s stock.
Several hedge funds have recently made changes to their positions in UVSP. FJ Capital Management LLC grew its holdings in shares of Univest Financial by 427.4% in the 4th quarter. FJ Capital Management LLC now owns 443,000 shares of the financial services provider’s stock valued at $9,126,000 after buying an additional 359,000 shares during the period. BlackRock Inc. boosted its stake in Univest Financial by 7.2% in the 1st quarter. BlackRock Inc. now owns 2,967,637 shares of the financial services provider’s stock worth $84,846,000 after purchasing an additional 199,843 shares during the period. Pzena Investment Management LLC boosted its stake in Univest Financial by 6.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,913,534 shares of the financial services provider’s stock worth $39,381,000 after purchasing an additional 117,376 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Univest Financial by 15.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 674,645 shares of the financial services provider’s stock worth $13,884,000 after purchasing an additional 88,095 shares during the period. Finally, Monarch Partners Asset Management LLC acquired a new position in Univest Financial in the 4th quarter worth $1,459,000. 68.15% of the stock is owned by institutional investors.
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 Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides 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.
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