Univest Financial Corporation operates as the bank 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. The Banking segment provides a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations. The Wealth Management segment offers investment advisory, financial planning, and trust and brokerage services for private families and individuals, municipal pension plans, retirement plans, and trusts and guardianships. The Insurance segment provides commercial property and casualty insurance, employee benefits solutions, personal insurance lines, and human resources consulting services. It serves customers primarily in Bucks, Berks, Chester, Cumberland, Dauphin, Delaware, Lancaster, Lehigh, Montgomery, Northampton, Philadelphia, and York counties in Pennsylvania; and Atlantic, Burlington, and Cape May counties in New Jersey through 40 banking offices. The company was formerly known as Univest Corporation of Pennsylvania and changed its name to Univest Financial Corporation in January 2019. Univest Financial Corporation was founded in 1876 and is headquartered in Souderton, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: univest.net
| 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 |
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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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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
Raymond James reiterated coverage of Univest Finl with a rating of Outperform and set a new price target of $27.00 from $20.00 previously
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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., July 08, 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 second quarter 2024 earnings on Thursday, July 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, July 24, 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=962df298&confId=68082 AudioDial in number: 1-833-470-1428Access Code
SOUDERTON, Pa., April 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 March 31, 2024 was $20.3 million, or $0.69 diluted earnings per share, compared to net income of $21.0 million, or $0.71 diluted earnings per share, for the quarter ended March 31, 2023. One-Time ItemsThe financial results for the quarter included a $3.4 million net gain ($2.7 million after-tax), or $0.09 diluted earnings per share, generated from the sale of mortgage servicing rights associated
SOUDERTON, Pa., April 05, 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 first quarter 2024 earnings on Thursday, April 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, April 24, 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=1f74990c&confId=63330 AudioDial in number: 1-833-470-1428Access Co
SOUDERTON, Pa., Jan. 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 December 31, 2023 was $16.3 million, or $0.55 diluted earnings per share, compared to net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022. LoansGross loans and leases decreased $7.7 million, or 0.1% (0.5% annualized), from September 30, 2023, primarily due to decreases in commercial and construction loans. Gross loans and leases increased $444
SOUDERTON, Pa., Jan. 08, 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 fourth quarter 2023 earnings on Thursday, January 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, January 24, 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=bfe2e840&confId=59386 AudioDial in number: 1-833-470-1428Acces
SOUDERTON, Pa., Oct. 25, 2023 (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, 2023 was $17.0 million, or $0.58 diluted earnings per share, compared to net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022. LoansGross loans and leases increased $112.7 million, or 1.7% (7.0% annualized), from June 30, 2023, primarily due to increases in commercial, commercial real estate, construction and residential mortgage
SOUDERTON, Pa., Oct. 09, 2023 (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 2023 earnings on Thursday, October 26, 2023 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, October 25, 2023. 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=05f2e363&confId=56351 AudioDial in number: 1-833-470-1428Access
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., July 08, 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 second quarter 2024 earnings on Thursday, July 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, July 24, 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=962df298&confId=68082 AudioDial in number: 1-833-470-1428Access Code
SOUDERTON, Pa., April 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 March 31, 2024 was $20.3 million, or $0.69 diluted earnings per share, compared to net income of $21.0 million, or $0.71 diluted earnings per share, for the quarter ended March 31, 2023. One-Time ItemsThe financial results for the quarter included a $3.4 million net gain ($2.7 million after-tax), or $0.09 diluted earnings per share, generated from the sale of mortgage servicing rights associated
SOUDERTON, Pa., April 05, 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 first quarter 2024 earnings on Thursday, April 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, April 24, 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=1f74990c&confId=63330 AudioDial in number: 1-833-470-1428Access Co
SOUDERTON, Pa., Jan. 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 December 31, 2023 was $16.3 million, or $0.55 diluted earnings per share, compared to net income of $23.8 million, or $0.81 diluted earnings per share, for the quarter ended December 31, 2022. LoansGross loans and leases decreased $7.7 million, or 0.1% (0.5% annualized), from September 30, 2023, primarily due to decreases in commercial and construction loans. Gross loans and leases increased $444
SOUDERTON, Pa., Jan. 08, 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 fourth quarter 2023 earnings on Thursday, January 25, 2024 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, January 24, 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=bfe2e840&confId=59386 AudioDial in number: 1-833-470-1428Acces
SOUDERTON, Pa., Oct. 25, 2023 (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, 2023 was $17.0 million, or $0.58 diluted earnings per share, compared to net income of $20.8 million, or $0.71 diluted earnings per share, for the quarter ended September 30, 2022. LoansGross loans and leases increased $112.7 million, or 1.7% (7.0% annualized), from June 30, 2023, primarily due to increases in commercial, commercial real estate, construction and residential mortgage
SOUDERTON, Pa., Oct. 09, 2023 (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 2023 earnings on Thursday, October 26, 2023 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, October 25, 2023. 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=05f2e363&confId=56351 AudioDial in number: 1-833-470-1428Access
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.
Piper Sandler analyst Frank Schiraldi maintains Univest Financial (NASDAQ:UVSP) with a Neutral and raises the price target from $18 to $19.
Univest Financial (NASDAQ:UVSP) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.47 by 17.02 percent. The company reported quarterly sales of $71.38 million which beat the analyst consensus estimate of $71.25 million by 0.18 percent. This is a 13.35 percent decrease over sales of $82.37 million the same period last year.
Univest Financial (NASDAQ:UVSP) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Univest Financial beat estimated earnings by 17.02%, reporting an EPS of $0.55 versus an estimate of $0.47. Revenue was down $10.99 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 1.84% increase in the share price the next day. Here's a look at Univest Financial's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.54 0.57 0.75 0.74 EPS Actual 0.58 0.61 0.71 0.81 Revenue Estimate 73.55M 75.90M 82.05M
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Univest Financial (NASDAQ:UVSP) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that Univest Financial will report an earnings per share (EPS) of $0.47. Univest Financial bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.04, which was followed by a 1.84% incre
Piper Sandler has decided to maintain its Neutral rating of Univest Financial (NASDAQ:UVSP) and lower its price target from $18.00 to $17.00. Shares of Univest Financial are trading up 0.0% over the last 24 hours, at $17.20 per share. A move to $17.00 would account for a 1.16% decrease from the current share price. About Univest Financial Univest Financial Corp is engaged in domestic banking services for individuals, businesses, municipalities, and non-profit organizations. The bank has three operating segments; Banking segment provides financial services including a full range of banking services such as deposit taking, loan origination, and servicing, mortgage banking, other general bankin