Univest Financial Corporation UVSP Stock Price, Quote & News

Univest delivers these services through a network of more than 50 offices and online at Investment advisory commission and fee income increased $700 thousand, or 14.3%, for the quarter ended December 31, 2022 compared to the comparable period in the prior year. This increase was primarily due to a $1.2 million adjustment in the quarter for previously unrecorded revenue of which $815 thousand related to the first nine months of 2022.

• US CPI rose more than expected in August, but markets are convinced the Fed will not raise rates.
• The Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, which serves a client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships.
• Univest Financial Corporation is dedicated to assisting all valued shareholders in managing their investment in
  Univest stock.
• Upgrade to MarketBeat All Access to add more stocks to your watchlist.
• When it comes to powerful price patterns, the bearish engulfing pattern is right at the top of the list.
• 2 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Univest Financial in the last twelve months.

When it comes to powerful price patterns, the bearish engulfing pattern is right at the top of the list. It provides traders with a clear and decisive signal that sellers have taken control of the market. US CPI rose more than expected in August, but markets are convinced the Fed will not raise rates. A reconciliation of this and other non-GAAP financial measures is included within this document. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Total deposits increased $116.8 million, or 8.0% (annualized), from September 30, 2022, primarily due to increases in commercial, consumer and brokered deposits partially offset by decreases in public funds deposits. Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. Tesla’s share price gapped higher on Monday after investment bank, Morgan Stanely said Tesla’s supercomputer, known as Dojo had the potential to boost its market cap by $600 billion.

The allowance for credit losses on loans and leases as a percentage of loans and leases held for investment was 1.29% at December 31, 2022 compared to 1.28% at September 30, 2022 and 1.35% at December 31, 2021. Tax ProvisionThe effective income tax rate was 19.6% for the year ended December 31, 2022, compared to an effective income tax rate of 19.7% for the year ended December 31, 2021. The effective tax rate for the year ended December 31, 2022 and 2021 reflects the benefits of tax-exempt income from investments in municipal securities and loans and leases. One-Time ItemsThe financial results for the quarter included bank owned life insurance (“BOLI”) death benefit claims of $526 thousand, which represented $0.02 diluted earnings per share.

Bank OZK (OZK) Q1 Earnings Miss Estimates

The Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, which serves a client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships. The Insurance segment includes an insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region.

Excess liquidity reduced net interest margin by approximately one basis point for the quarter ended December 31, 2022 compared to one basis point for the quarter ended September 30, 2022 and 43 basis points for the quarter ended December 31, 2021. PPP loans had no impact on net interest margin for the quarters ended December 31, 2022 and September 30, 2022 and had a favorable impact on net interest margin of eight basis points for the quarter ended December 31, 2021. Excluding the impact of excess liquidity and PPP loans, the net interest margin, on a tax-equivalent basis, was 3.77% for the quarter ended December 31, 2022 compared to 3.68% for the quarter ended September 30, 2022 and 3.21% for the quarter ended December 31, 2021. DepositsTotal deposits decreased $151.3 million, or 2.5%, from December 31, 2021, primarily due to decreases in commercial, consumer and public funds deposits partially offset by an increase in brokered deposits.

Camden National (CAC) Q1 Earnings and Revenues Miss Estimates

Univest Financial Corporation is the bank holding company of Univest Bank and Trust Co. (the Bank). The Company’s segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

One share of UVSP stock can currently be purchased for approximately $17.49. A roundup of the latest corporate earnings reports and what companies are saying about future quarters.

Univest Financial announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.21 per share on Wednesday, August 23rd. This represents a $0.84 annualized dividend and a yield of 4.80%. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023. Univest Financial Corporation is dedicated to assisting all valued shareholders in managing their investment in
Univest stock.

Univest Financial Corporation Announces Pricing of $50.0 Million Subordinated Notes Offering

Restructuring charges increased $184 thousand for the quarter ended December 31, 2022 compared to the comparable period in the prior year as previously discussed. BOLI increased $511 thousand, or 71.1%, for the quarter ended December 31, 2022 compared to the comparable period in the prior year, primarily due to death benefit claims as previously discussed. Univest Financial’s stock is owned by a number of institutional and retail investors. Top institutional investors inferior goods examples india include BlackRock Inc. (11.63%), Dimensional Fund Advisors LP (7.14%), Pzena Investment Management LLC (5.22%), The Manufacturers Life Insurance Company (4.85%), State Street Corp (2.93%) and Renaissance Technologies LLC (2.36%). Insiders that own company stock include Jeffrey M Schweitzer, Joseph P Beebe, K Leon Moyer, Martin P Connor, Michael S Keim, Natalye Paquin, Robert C Wonderling, Roger H Ballou, Thomas M Petro, Todd S Benning and William S Aichele.

As of August 31st, there was short interest totaling 313,200 shares, an increase of 39.7% from the August 15th total of 224,200 shares. Based on an average daily trading volume, of 99,700 shares, the days-to-cover ratio is presently 3.1 days. Univest Financial’s stock was trading at $26.13 at the beginning of 2023. Since then, UVSP shares have decreased by 33.1% and is now trading at $17.49. According to 2 analysts, the average rating for UVSP stock is “Buy.” The 12-month stock price forecast is $28.0, which is an increase of 60.09% from the latest price.

UVSP Stock News Headlines

US crude managed to break above a key resistance back in late August and has been steadily making its way towards the $90 mark, with Brent crude trading above $92 per barrel for the first time since November. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. DividendOn January 25, 2023, Univest declared a quarterly cash dividend of $0.21 per share to be paid on February 22, 2023 to shareholders of record as of February 8, 2023. Net loan and lease charge-offs were $908 thousand and $1.2 million for the three months ended December 31, 2022 and September 30, 2022, respectively, compared to net loan and lease recoveries of $243 thousand for the three months ended December 31, 2021.

To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. The provision for credit losses was $5.4 million for the three months ended December 31, 2022 compared to a provision for credit losses of $3.6 million and $1.4 million for the three months ended September 30, 2022 and December 31, 2021, respectively. The provision for credit losses was $12.2 million for the year ended December 31, 2022 compared to a reversal of provision for credit losses of $10.1 million for the comparable period in the prior year.

View analysts price targets for UVSP or view top-rated stocks among Wall Street analysts. Net Interest Income and MarginNet interest income of $61.9 million for the three months ended December 31, 2022 increased $3.7 million, or 6.3%, from the three months ended September 30, 2022, and $14.4 million, or 30.3%, from the three months ended December 31, 2021. 2 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Univest Financial in https://1investing.in/ the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” UVSP shares. Univest Financial Corporation, including its wholly-owned subsidiary Univest Bank and Trust Co., has approximately $7.6 billion in assets and $4.5 billion in assets under management and supervision through its wealth management lines of business as of June 30, 2023.

NEW YORK–(BUSINESS WIRE)– #KBRA–KBRA releases its latest U.S. Bank Compendium, providing the latest view of the U.S. banking sector and analysis of 2Q22 results for U.S. banks with KBRA long-term r… Other expense increased $1.2 million, or 21.3%, for the quarter compared to the comparable period in the prior year primarily due to increases in travel and entertainment expenses of $228 thousand for the quarter and $430 thousand of fraud losses.

Trade Univest – UVSP CFD

Net loan and lease charge-offs were $3.9 million and $213 thousand for the year ended December 31, 2022 and December 31, 2021, respectively. Noninterest IncomeNoninterest income for the quarter ended December 31, 2022 was $20.5 million, an increase of $1.3 million, or 6.6%, from the comparable period in the prior year. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.

• Insurance commission and fee income increased $698 thousand, or 18.7%, for the quarter ended December 31, 2022 compared to the comparable period in the prior year, primarily due to incremental revenue attributable to the acquisition of the Paul I. Sheaffer insurance agency in the fourth quarter of 2021.
• This adjustment was partially offset by decreased income driven by reduced assets under management due to market volatility.
• There are currently 1 hold rating and 1 buy rating for the stock.
• 2 Wall Street research analysts have issued 12-month target prices for Univest Financial’s shares.
• NEW YORK–(BUSINESS WIRE)– #KBRA–KBRA releases its latest U.S.

Restructuring charges of $184 thousand were recognized in the fourth quarter related to the consolidation of two financial centers. 2 Wall Street research analysts have issued 12-month target prices for Univest Financial’s shares. On average, they anticipate the company’s stock price to reach $27.50 in the next twelve months. This suggests a possible upside of 57.2% from the stock’s current price.