Equities research analysts forecast that Univest Financial Co. (NASDAQ:UVSP) will post $65.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Univest Financial’s earnings, with estimates ranging from $63.53 million to $67.67 million. Univest Financial reported sales of $65.66 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, October 27th.
According to Zacks, analysts expect that Univest Financial will report full-year sales of $266.77 million for the current financial year, with estimates ranging from $263.97 million to $269.56 million. For the next financial year, analysts expect that the company will report sales of $272.87 million, with estimates ranging from $268.27 million to $277.46 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Univest Financial.
Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Tuesday, July 27th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Univest Financial had a return on equity of 13.99% and a net margin of 33.46%. The firm had revenue of $66.99 million during the quarter, compared to analyst estimates of $67.14 million.
Shares of NASDAQ UVSP opened at $28.19 on Thursday. Univest Financial has a fifty-two week low of $14.81 and a fifty-two week high of $30.14. The business has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $27.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $829.15 million, a PE ratio of 8.49 and a beta of 1.11.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 25th. Shareholders of record on Wednesday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, August 10th. Univest Financial’s dividend payout ratio is presently 48.78%.
A number of large investors have recently added to or reduced their stakes in the business. Berman Capital Advisors LLC lifted its holdings in Univest Financial by 65.8% during the 3rd quarter. Berman Capital Advisors LLC now owns 2,433 shares of the financial services provider’s stock worth $66,000 after buying an additional 966 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Univest Financial by 128.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 24,407 shares of the financial services provider’s stock worth $644,000 after buying an additional 13,741 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Univest Financial by 11.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 246,300 shares of the financial services provider’s stock worth $6,495,000 after purchasing an additional 24,783 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Univest Financial by 270.5% in the 2nd quarter. Morgan Stanley now owns 33,206 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 24,243 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Univest Financial by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 278,212 shares of the financial services provider’s stock worth $7,337,000 after purchasing an additional 4,920 shares during the last quarter. 70.62% of the stock is currently owned by institutional investors.
Univest Financial Company Profile
Univest Financial Corp. is a bank holding company, which engages in the provision of commercial and consumer banking business and trust services. It operates through the following segments: Banking, Wealth Management, and Insurance. The Banking segment consists of commercial and consumer banking. The Wealth Management segment comprises of investment advisory services, retirement plan services, trust, municipal pension services, and broker or dealer services.
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