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

Univest Financial (NASDAQ:UVSP) released its quarterly earnings results 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 net margin of 14.90% and a return on equity of 8.24%.

Univest Financial Stock Down 0.7 %

Shares of UVSP stock traded down $0.20 during mid-day trading on Wednesday, reaching $29.95. 139,772 shares of the company’s stock traded hands, compared to its average volume of 79,046. The company has a market cap of $869.75 million, a P/E ratio of 12.03 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial has a 12 month low of $18.41 and a 12 month high of $32.75. The company’s 50-day moving average price is $30.47 and its 200-day moving average price is $28.42.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, October 25th.

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.