Raymond James reiterated coverage on Univest Financial with a new price target
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Raymond James reiterated coverage of Univest Financial with a rating of Outperform and set a new price target of $34.00 from $31.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/6/2023 | $24.00 → $20.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 11/7/2022 | $30.50 | Overweight → Equal-Weight | Stephens |
| 11/2/2021 | $31.00 → $34.00 | Outperform | Raymond James |
SOUDERTON, Pa., April 07, 2022 (GLOBE NEWSWIRE) -- Univest Bank and Trust Co., subsidiary of Univest Financial Corporation (NASDAQ:UVSP), announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial services industry to his role. He will be responsible for overseeing credit policy and managing credit risk for the bank's loan portfolio. McCormick replaces Duane Brobst who is retiring from the Chief Credit Officer role after more than 30 years with Univest. "We are excited to welcome Patrick to the Univest Family and look forward to his contributions as a member of our senior lea
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SOUDERTON, Pa., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation ("Univest" or the "Corporation") (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended September 30, 2024 was $18.6 million, or $0.63 diluted earnings per share, compared to net income of $17.0 million, or $0.58 diluted earnings per share, for the quarter ended September 30, 2023. LoansGross loans and leases increased $45.9 million, or 0.7% (2.8% annualized), from June 30, 2024, primarily due to increases in commercial real estate and residential mortgage loans, partially offset by
SOUDERTON, Pa., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its third quarter 2024 earnings on Thursday, October 24, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, October 23, 2024. Pre-registrationTelephone participants may avoid any delays by pre-registering for the call using the following link. Conference Call registration link: https://www.netroadshow.com/events/login?show=27c257f2&confId=71976 AudioDial in number: 1-833-470-1428Access
SOUDERTON, Pa., July 24, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation ("Univest" or the "Corporation") (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended June 30, 2024 was $18.1 million, or $0.62 diluted earnings per share, compared to net income of $16.8 million, or $0.57 diluted earnings per share, for the quarter ended June 30, 2023. One-Time ItemsThe financial results for the quarter included tax-free bank owned life insurance ("BOLI") death benefit claims of $171 thousand, which represented $0.01 diluted earnings per share. The financial
SOUDERTON, Pa., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation ("Univest" or the "Corporation") (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended September 30, 2024 was $18.6 million, or $0.63 diluted earnings per share, compared to net income of $17.0 million, or $0.58 diluted earnings per share, for the quarter ended September 30, 2023. LoansGross loans and leases increased $45.9 million, or 0.7% (2.8% annualized), from June 30, 2024, primarily due to increases in commercial real estate and residential mortgage loans, partially offset by
SOUDERTON, Pa., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its third quarter 2024 earnings on Thursday, October 24, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, October 23, 2024. Pre-registrationTelephone participants may avoid any delays by pre-registering for the call using the following link. Conference Call registration link: https://www.netroadshow.com/events/login?show=27c257f2&confId=71976 AudioDial in number: 1-833-470-1428Access
SOUDERTON, Pa., July 24, 2024 (GLOBE NEWSWIRE) -- Univest Financial Corporation ("Univest" or the "Corporation") (NASDAQ:UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended June 30, 2024 was $18.1 million, or $0.62 diluted earnings per share, compared to net income of $16.8 million, or $0.57 diluted earnings per share, for the quarter ended June 30, 2023. One-Time ItemsThe financial results for the quarter included tax-free bank owned life insurance ("BOLI") death benefit claims of $171 thousand, which represented $0.01 diluted earnings per share. The financial
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Keefe Bruyette downgraded Univest Corp. of PA from Outperform to Mkt Perform and set a new price target of $20.00 from $24.00 previously
Stephens downgraded Univest Corp. of PA from Overweight to Equal-Weight and set a new price target of $30.50
Raymond James reiterated coverage of Univest Financial with a rating of Outperform and set a new price target of $34.00 from $31.00 previously
Univest Financial (NASDAQ:UVSP) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.51 by 19.61 percent. The company reported quarterly sales of $72.007 million which missed the analyst consensus estimate of $72.300 million by 0.41 percent. This is a 2.91 percent decrease over sales of $74.163 million the same period last year.
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates Univest Financial (NASDAQ:UVSP) with a Market Perform and raises the price target from $22 to $23.
Univest Financial (NASDAQ:UVSP) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.51 by 17.65 percent. The company reported quarterly sales of $77.062 million which beat the analyst consensus estimate of $72.200 million by 6.73 percent. This is a 2.45 percent decrease over sales of $78.997 million the same period last year.