27-Mar-2024
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Univest Financial Corporation Reports Fourth Quarter and 2023 Results
Globe Newswire (Wed, 24-Jan 4:15 PM ET)
Univest Financial Corporation to Hold Fourth Quarter 2023 Earnings Call
Globe Newswire (Mon, 8-Jan 11:06 AM ET)
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 banking services, and equipment lease financing, Wealth Management segment offers investment advisory, financial planning, trust and brokerage services, and The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefits solutions, personal insurance lines and human resources consulting. It generates majority of its revenue from the banking segment.
Univest Financial trades on the NASDAQ stock market under the symbol UVSP.
As of March 27, 2024, UVSP stock price climbed to $20.64 with 79,167 million shares trading.
UVSP has a beta of 1.27, meaning it tends to be more sensitive to market movements. UVSP has a correlation of 0.20 to the broad based SPY ETF.
UVSP has a market cap of $609.05 million. This is considered a Small Cap stock.
Last quarter Univest Financial reported $71 million in Revenue and $.55 earnings per share. This beat revenue expectation by $130,000 and exceeded earnings estimates by $.08.
In the last 3 years, UVSP stock traded as high as $31.93 and as low as $16.10.
The top ETF exchange traded funds that UVSP belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.
UVSP has underperformed the market in the last year with a return of -10.7%, while the SPY ETF gained +33.6%. In the last 3 month period, UVSP fell short of the market, returning -6.6%, while SPY returned +10.1%. However, in the most recent 2 weeks UVSP has outperformed the stock market by returning +2.4%, while SPY returned +1.7%.
UVSP support price is $19.27 and resistance is $20.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UVSP stock will trade within this expected range on the day.