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

Univest Financial (NASDAQ:UVSP) released its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08, Zacks reports. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%.

Univest Financial Price Performance

Univest Financial stock opened at $29.95 on Thursday. The stock has a market capitalization of $869.75 million, a price-to-earnings ratio of 12.03 and a beta of 0.89. Univest Financial has a 52-week low of $18.41 and a 52-week high of $32.75. The stock’s 50 day moving average price is $30.42 and its two-hundred day moving average price is $28.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price 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.