Univest Financial Corp (NASDAQ:UVSP) – Analysts at Piper Sandler decreased their Q2 2021 EPS estimates for Univest Financial in a research note issued on Monday, August 24th. Piper Sandler analyst F. Schiraldi now anticipates that the financial services provider will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.39. Piper Sandler also issued estimates for Univest Financial’s FY2021 earnings at $1.49 EPS.
Univest Financial (NASDAQ:UVSP) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.18). Univest Financial had a return on equity of 5.56% and a net margin of 12.95%. The company had revenue of $61.52 million for the quarter, compared to analyst estimates of $59.02 million.
Several other research analysts have also recently issued reports on the company. BidaskClub cut Univest Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research raised Univest Financial from a “strong sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, June 25th. ValuEngine downgraded Univest Financial from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Stephens started coverage on Univest Financial in a report on Monday, June 1st. They issued an “overweight” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.33.
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UVSP opened at $16.38 on Wednesday. The business has a fifty day moving average price of $15.69 and a 200 day moving average price of $17.37. The stock has a market capitalization of $477.57 million, a price-to-earnings ratio of 13.07 and a beta of 0.97. Univest Financial has a 12 month low of $13.20 and a 12 month high of $27.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.99 and a quick ratio of 0.99.
A number of institutional investors and hedge funds have recently bought and sold shares of UVSP. BlackRock Inc. grew its holdings in shares of Univest Financial by 0.5% in the 1st quarter. BlackRock Inc. now owns 2,674,913 shares of the financial services provider’s stock worth $43,655,000 after acquiring an additional 12,887 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Univest Financial in the 1st quarter worth approximately $24,003,000. SG Americas Securities LLC grew its holdings in shares of Univest Financial by 45.3% in the 1st quarter. SG Americas Securities LLC now owns 6,224 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,940 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Univest Financial by 88.8% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,661 shares of the financial services provider’s stock worth $1,039,000 after acquiring an additional 29,944 shares during the period. Finally, Aperio Group LLC grew its holdings in shares of Univest Financial by 92.6% in the 1st quarter. Aperio Group LLC now owns 26,148 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 12,571 shares during the period. 68.53% of the stock is owned by hedge funds and other institutional investors.
Univest Financial Company Profile
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.
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