Univest Financial Corp (NASDAQ:UVSP) Forecasted to Earn FY2019 Earnings of $2.20 Per Share

Univest Financial Corp (NASDAQ:UVSP) – Equities researchers at Piper Jaffray Companies lifted their FY2019 earnings per share estimates for shares of Univest Financial in a note issued to investors on Monday, January 28th, Zacks Investment Research reports. Piper Jaffray Companies analyst M. Breese now expects that the financial services provider will post earnings per share of $2.20 for the year, up from their previous forecast of $2.14.

Univest Financial (NASDAQ:UVSP) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The company had revenue of $55.79 million for the quarter, compared to analyst estimates of $55.10 million. Univest Financial had a net margin of 20.16% and a return on equity of 9.72%.

Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Univest Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 16th. ValuEngine downgraded shares of Univest Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th.

Shares of UVSP opened at $24.25 on Wednesday. The stock has a market capitalization of $706.19 million, a PE ratio of 12.00 and a beta of 0.71. Univest Financial has a fifty-two week low of $20.18 and a fifty-two week high of $30.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Univest Financial in the second quarter valued at about $101,000. Acadian Asset Management LLC acquired a new position in shares of Univest Financial in the fourth quarter valued at about $123,000. SRS Capital Advisors Inc. acquired a new position in shares of Univest Financial in the third quarter valued at about $153,000. Bank of Montreal Can grew its stake in shares of Univest Financial by 557.2% in the fourth quarter. Bank of Montreal Can now owns 8,255 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 6,999 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Univest Financial in the third quarter valued at about $209,000. Institutional investors and hedge funds own 66.62% of the company’s stock.

Univest Financial Company Profile

Univest Financial Corporation operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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Earnings History and Estimates for Univest Financial (NASDAQ:UVSP)

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