Brokerages Expect Univest Corporation of Pennsylvania (NASDAQ:UVSP) to Post $0.44 Earnings Per Share

Brokerages expect Univest Corporation of Pennsylvania (NASDAQ:UVSP) to report $0.44 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Univest Corporation of Pennsylvania’s earnings. Univest Corporation of Pennsylvania posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year-over-year growth rate of 25.7%. The company is expected to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that Univest Corporation of Pennsylvania will report full year earnings of $1.70 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $2.05 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Univest Corporation of Pennsylvania.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Univest Corporation of Pennsylvania had a return on equity of 8.09% and a net margin of 13.95%. The business had revenue of $51.31 million during the quarter.

Several equities analysts recently commented on UVSP shares. ValuEngine upgraded Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Sandler O’Neill started coverage on Univest Corporation of Pennsylvania in a research report on Wednesday, April 12th. They set a “buy” rating for the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $33.00 target price on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. Finally, BidaskClub cut Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

In other Univest Corporation of Pennsylvania news, Director Michael L. Turner sold 2,000 shares of Univest Corporation of Pennsylvania stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.62% of the company’s stock.

A number of large investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Univest Corporation of Pennsylvania by 15.7% in the fourth quarter. State Street Corp now owns 563,497 shares of the financial services provider’s stock valued at $17,412,000 after buying an additional 76,424 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at about $501,000. First Manhattan Co. raised its stake in shares of Univest Corporation of Pennsylvania by 7.2% in the first quarter. First Manhattan Co. now owns 59,642 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 3,997 shares during the period. Nationwide Fund Advisors raised its stake in shares of Univest Corporation of Pennsylvania by 71.6% in the first quarter. Nationwide Fund Advisors now owns 60,828 shares of the financial services provider’s stock valued at $1,575,000 after buying an additional 25,372 shares during the period. Finally, FMR LLC purchased a new stake in shares of Univest Corporation of Pennsylvania during the fourth quarter valued at about $12,602,000. 61.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 1.46% during mid-day trading on Wednesday, hitting $30.35. The company had a trading volume of 9,679 shares. The company’s 50-day moving average is $29.92 and its 200 day moving average is $28.54. Univest Corporation of Pennsylvania has a one year low of $21.48 and a one year high of $31.50. The company has a market capitalization of $809.34 million, a PE ratio of 27.34 and a beta of 0.69.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date was Monday, June 5th. Univest Corporation of Pennsylvania’s dividend payout ratio (DPR) is currently 72.07%.

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About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

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