Univest Financial Corp (NASDAQ:UVSP) – Equities researchers at Piper Sandler cut their FY2020 earnings estimates for Univest Financial in a research note issued to investors on Friday, January 24th. Piper Sandler analyst F. Schiraldi now expects that the financial services provider will post earnings of $2.06 per share for the year, down from their prior estimate of $2.17. Piper Sandler also issued estimates for Univest Financial’s Q1 2021 earnings at $0.54 EPS, Q2 2021 earnings at $0.53 EPS, Q3 2021 earnings at $0.59 EPS, Q4 2021 earnings at $0.59 EPS and FY2021 earnings at $2.25 EPS.
Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $58.60 million for the quarter, compared to analyst estimates of $58.16 million. Univest Financial had a net margin of 23.51% and a return on equity of 10.20%.
A number of other research firms have also commented on UVSP. Raymond James assumed coverage on shares of Univest Financial in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $29.00 price objective for the company. ValuEngine lowered shares of Univest Financial from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, BidaskClub downgraded shares of Univest Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th.
Univest Financial stock opened at $25.23 on Monday. The firm’s 50 day moving average price is $26.63 and its two-hundred day moving average price is $25.96. Univest Financial has a 1 year low of $23.15 and a 1 year high of $27.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $747.83 million, a price-to-earnings ratio of 11.26 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. Univest Financial’s payout ratio is 35.40%.
Several large investors have recently bought and sold shares of UVSP. California State Teachers Retirement System boosted its position in shares of Univest Financial by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 44,826 shares of the financial services provider’s stock valued at $1,144,000 after acquiring an additional 663 shares in the last quarter. State Street Corp boosted its position in Univest Financial by 1.5% in the third quarter. State Street Corp now owns 727,746 shares of the financial services provider’s stock valued at $18,707,000 after buying an additional 10,455 shares in the last quarter. Rhumbline Advisers boosted its position in Univest Financial by 8.5% in the third quarter. Rhumbline Advisers now owns 47,641 shares of the financial services provider’s stock valued at $1,215,000 after buying an additional 3,720 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Univest Financial in the third quarter valued at about $289,000. Finally, Chicago Equity Partners LLC acquired a new position in Univest Financial in the third quarter valued at about $1,209,000. Institutional investors own 68.38% of the company’s stock.
About Univest Financial
Univest Corporation of Pennsylvania offers banking products and services. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. It’s deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.