Univest Financial Corporation (NASDAQ:UVSP) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.43 per share.
Looking ahead, the full year income are expected at $ 0.94 per share on the revenues of $ 247.02 million.
Previous Quarter Performance
Univest Financial Corporation revealed income for the second quarter of $ 0.07 per share, from the revenue of $ 61.52 million. The quarterly earnings decreased 87.50 percent while revenues developed 8.08 percent compared with the same quarter last year.
Street analysts expected Univest Financial Corporation to report income of $ 0.24 per share on revenue of $ 60.56 million for the second quarter. The bottom line results missed street analysts by $ 0.17 or 70.83 percent, at the same time, top line results outshined analysts by $ 0.96 million or 1.59 percent.
Stock Performance
Shares of Univest Financial Corporation traded low $ -0.66 or -4.13 percent on Tuesday, reaching $ 15.32 with volume of 116.20 thousand shares. Univest Financial Corporation has traded high as $ 15.93 and has cracked $ 15.31 on the downward trend
According to the previous trading day, closing price of $ 15.32, representing a 21.06 % increase from the 52 week low of $ 13.20 and a 41.98 % decrease over the 52 week high of $ 27.54.
The company has a market capital of $ 447.75 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 17.00 target price.
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.
