Univest Financial Corporation (NASDAQ:UVSP) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, UVSP is expected to report 2Q20 income of $ 0.24 per share from revenue of $ 60.56 million.
For the full year, analysts anticipate top line of $ 245.77 million, while looking forward to income of $ 1.18 per share bottom line.
Previous Quarter Performance
Univest Financial Corporation unwinded income for the first quarter of $ 0.03 per share, from the revenue of $ 60.85 million. The quarterly earnings down 94.55 percent while revenues hiked 5.24 percent compared with the same quarter last year.
Wall street analysts are predicting, UVSP to report 1Q20 income of $ 0.41 per share from revenue of $ 58.65 million. The bottom line results missed street analysts by $ 0.38 or 92.68 percent, at the same time, top line results outshined analysts by $ 2.20 million or 3.75 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of UVSP was $ 15.44, representing a 16.97 % increase from the 52 week low of $ 13.20 and a 44.46 % decrease over the 52 week high of $ 27.80.
The company has a market capital of $ 450.65 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 1st June 2020, initiated by Stephens at Overweight rating.
Recent Stock Dividend Announcement
On May 18, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on June 2, 2020, with payment date of July 1, 2020 and ex-dividend date on June 1, 2020.
Univest Financial Corporation operates as the holding company for Univest Bank and Trust Co. that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.
