UVSP Stock Summary and Trading Ideas (Univest Financial | NASDAQ:UVSP)

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 May 10, 2024, UVSP stock price climbed to $22.65 with 62,404 million shares trading.

UVSP has a beta of 1.35, meaning it tends to be more sensitive to market movements. UVSP has a correlation of 0.23 to the broad based SPY ETF.

UVSP has a market cap of $664.50 million. This is considered a Small Cap stock.

Last quarter Univest Financial reported $77 million in Revenue and $.60 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.09.

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 outperformed the market in the last year with a price return of +40.6% while the SPY ETF gained +27.8%. UVSP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.2% and +7.7%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

UVSP support price is $21.97 and resistance is $23.23 (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.