Zacks: Brokerages Anticipate Univest Co. of Pennsylvania (UVSP) Will Announce Earnings of $0.43 Per Share

Equities research analysts expect that Univest Co. of Pennsylvania (NASDAQ:UVSP) will announce earnings of $0.43 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Univest Co. of Pennsylvania’s earnings. Univest Co. of Pennsylvania posted earnings per share of $0.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The business is expected to issue its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Univest Co. of Pennsylvania will report full-year earnings of $1.66 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $1.85 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Univest Co. of Pennsylvania.

Univest Co. of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Univest Co. of Pennsylvania had a return on equity of 8.35% and a net margin of 18.71%. The firm had revenue of $51.00 million for the quarter.

Several brokerages have weighed in on UVSP. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Univest Co. of Pennsylvania in a report on Wednesday, October 4th. Sandler O’Neill lowered shares of Univest Co. of Pennsylvania from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Monday, September 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 price target on shares of Univest Co. of Pennsylvania in a report on Friday, October 27th. Finally, ValuEngine raised shares of Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.33.

Shares of Univest Co. of Pennsylvania (NASDAQ UVSP) traded down $0.30 during mid-day trading on Thursday, reaching $28.15. 76,000 shares of the company’s stock traded hands, compared to its average volume of 97,022. The firm has a market cap of $817.36, a price-to-earnings ratio of 18.40 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. Univest Co. of Pennsylvania has a 52 week low of $25.65 and a 52 week high of $32.35.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. Univest Co. of Pennsylvania’s payout ratio is currently 52.29%.

Several institutional investors have recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK grew its position in Univest Co. of Pennsylvania by 20.9% during the second quarter. Aberdeen Asset Management PLC UK now owns 2,035,854 shares of the financial services provider’s stock valued at $60,974,000 after purchasing an additional 352,368 shares in the last quarter. Bank of New York Mellon Corp grew its position in Univest Co. of Pennsylvania by 149.8% in the second quarter. Bank of New York Mellon Corp now owns 501,929 shares of the financial services provider’s stock worth $15,033,000 after acquiring an additional 300,970 shares in the last quarter. FMR LLC grew its position in Univest Co. of Pennsylvania by 30.3% in the second quarter. FMR LLC now owns 1,088,107 shares of the financial services provider’s stock worth $32,589,000 after acquiring an additional 252,935 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Univest Co. of Pennsylvania by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,229,488 shares of the financial services provider’s stock worth $36,824,000 after acquiring an additional 64,198 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in Univest Co. of Pennsylvania in the third quarter worth approximately $1,652,000. 58.15% of the stock is currently owned by institutional investors and hedge funds.

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Univest Co. of Pennsylvania Company Profile

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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