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Univest Corporation Of Pennsylvania (UVSP)
NASDAQ:UVSP
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Univest Of Pennsylvania
(NASDAQ:UVSP)
68Neutral
Univest Of Pennsylvania (UVSP) vs. S&P 500 (SPY)
Market Cap
$783.34M
Dividend Yield3.11%
Average Volume (3M)122.83K
Price to Earnings (P/E)10.5
Beta (1Y)1.17
Revenue Growth11.77%
EPS Growth7.54%
CountryUS
Employees892
SectorFinancial
Sector Strength79
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.59
Shares Outstanding29,001,673
10 Day Avg. Volume142,523
30 Day Avg. Volume122,833
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)N/A
Price to Sales (P/S)2.83
Price to Cash Flow (P/CF)7.40
P/FCF Ratio1.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$32.00Price Target Upside23.98% Upside
Rating ConsensusHold
Number of Analyst Covering2
Univest Of Pennsylvania Business Overview & Revenue Model
Company DescriptionUnivest Financial Corporation, operating under the ticker UVSP, is a regional financial services company based in Pennsylvania. It provides a range of financial solutions, including commercial and consumer banking, mortgage banking, investment management, and insurance services. Univest primarily serves individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania and surrounding states.
How the Company Makes MoneyUnivest makes money through a diversified revenue model that includes interest income from loans and deposits, fees from banking services, investment management fees, and commissions from insurance products. The company's key revenue streams include interest income generated from its portfolio of commercial and consumer loans, as well as income from securities investments. Additionally, Univest earns non-interest income through service fees attached to its deposit accounts, mortgage banking activities, and transaction processing. The wealth management and insurance divisions contribute further by offering investment advisory services and a range of insurance products, respectively. Strategic partnerships with local businesses and community organizations enhance Univest's market presence and customer base, contributing to its overall financial performance.
Univest Of Pennsylvania Financial Statement Overview
Summary
Univest Of Pennsylvania exhibits robust revenue growth and strong operational efficiency, evident from its high gross and EBIT margins. The company has managed its leverage effectively, reducing its debt-to-equity ratio over time. However, inconsistencies in net profit margins and cash flow metrics suggest areas for improvement. Overall, Univest demonstrates financial stability with potential for enhanced profitability and cash flow management.Income Statement
Univest Of Pennsylvania has demonstrated a consistent upward trajectory in revenue growth, with a notable increase from $234.65M in 2019 to $412.36M in 2024. The gross profit margin stands strong at 100% due to the nature of its business. However, net profit margins have shown variability, with recent figures displaying a decrease from prior years. The EBIT margin is solid at 97.9% in 2024, indicating efficient core operations, but the absence of EBITDA for recent years suggests limitations in assessing operational cash flow.75
Positive
Balance Sheet
The balance sheet reflects a stable equity base with a growth in stockholders' equity from $672.65M in 2019 to $887.30M in 2024. The debt-to-equity ratio has improved, indicating better leverage management, declining from 0.49 in 2019 to 0.30 in 2024. Return on equity has fluctuated, highlighting potential challenges in generating profits relative to equity. The equity ratio of 10.92% in 2024 suggests a conservative capital structure, though lower than optimal for growth acceleration.68
Positive
Cash Flow
Cash flow management appears strong with consistent positive free cash flow. However, free cash flow growth has been inconsistent, and operating cash flow relative to net income reveals potential inefficiencies in cash conversion, as seen in 2024 with a ratio of 0.99. Despite these challenges, Univest has maintained positive free cash flow, indicating an ability to fund operations and investments without heavy reliance on external financing.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 412.36M | 286.05M | 296.18M | 271.61M | 252.69M | Gross Profit |
| 412.36M | 286.05M | 296.18M | 271.61M | 252.69M | EBIT |
| 403.78M | 0.00 | 133.26M | 114.33M | 56.90M | EBITDA |
| 0.00 | 1.35M | -2.28M | 119.97M | -2.23M | Net Income Common Stockholders |
| 75.93M | 71.10M | 78.12M | 91.80M | 46.92M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 210.11M | 249.80M | 503.06M | 1.21B | 438.50M | Total Assets |
| 8.13B | 7.78B | 7.22B | 7.12B | 6.34B | Total Debt |
| 267.67M | 493.61M | 473.55M | 227.33M | 331.20M | Net Debt |
| 191.67M | 243.81M | 320.75M | -662.82M | 111.35M | Total Liabilities |
| 7.24B | 6.94B | 6.45B | 6.35B | 5.64B | Stockholders Equity |
| 887.30M | 839.21M | 776.50M | 773.79M | 692.47M |
| Cash Flow | Free Cash Flow | |||
| 75.11M | 83.02M | 104.23M | 96.46M | 47.43M | Operating Cash Flow |
| 75.11M | 89.74M | 109.45M | 102.34M | 51.18M | Investing Cash Flow |
| -259.74M | -454.44M | -897.61M | -126.78M | -867.39M | Financing Cash Flow |
| 263.68M | 461.69M | 50.81M | 694.73M | 910.94M |
Univest Of Pennsylvania Technical Analysis
Negative
25.81
Price Trends
29.19
Negative
29.72
Negative
28.16
Negative
Market Momentum
-0.21
Negative
46.30
Neutral
57.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UVSP, the sentiment is Negative. The current price of 25.81 is below the 20-day moving average (MA) of 28.04, below the 50-day MA of 29.19, and below the 200-day MA of 28.16, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 57.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UVSP.
Univest Of Pennsylvania Risk Analysis
Univest Of Pennsylvania disclosed 40 risk factors in its most recent earnings report. Univest Of Pennsylvania reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Univest Of Pennsylvania Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $840.51M | 9.49 | 11.16% | 5.44% | 15.33% | 3.68% | |
73 Outperform | $836.23M | 7.92 | 16.46% | 1.83% | 14.24% | 20.84% | |
71 Outperform | $756.64M | 17.96 | 5.04% | 4.18% | 4.64% | -28.68% | |
68 Neutral | $783.34M | 10.46 | 8.80% | 3.11% | 11.77% | 7.54% | |
65 Neutral | $746.81M | 9.43 | 9.62% | 3.05% | 17.70% | 3.88% | |
64 Neutral | $13.46B | 9.44 | 9.34% | 4.72% | 16.14% | -8.80% | |
61 Neutral | $784.80M | 18.60 | 6.83% | 4.12% | 141.53% | -20.35% |
* Financial Sector Average
Performance Comparison
UVSP
Univest Of Pennsylvania
25.30
7.17
39.55%
HFWA
Heritage Financial
20.97
4.38
26.40%
SBSI
Southside Bancshares
26.53
0.74
2.87%
FMBH
First Mid-Illinois Bancshares
31.14
2.24
7.75%
AMAL
Amalgamated Bank
26.24
4.62
21.37%
BHRB
Burke & Herbert Bank & Company
48.68
-1.98
-3.91%
Univest Of Pennsylvania Earnings Call Summary
Earnings Call Date: Jan 22, 2025 | % Change Since: -13.21% | Next Earnings Date: Apr 23, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with strong loan and deposit growth, improved credit quality, and increased noninterest income. However, there were challenges with decreased deposits in certain areas and an increase in noninterest expenses.Highlights
Strong Loan and Deposit Growth
Loans grew by $95.8 million or 5.6% annualized in Q4 and by $259.4 million or 3.9% for 2024. Consumer and commercial deposits increased by $104 million during Q4.
Noninterest Income Increase
Noninterest income increased by $2.7 million or 14.6% compared to Q4 2023, driven by growth in wealth management, mortgage banking, and service fee income.
Improved Credit Quality
Nonperforming assets to total assets declined by 4 basis points during Q4 and 11 basis points during the year, with minimal net charge-offs of 6 basis points for 2024.
Tangible Book Value Growth
Tangible book value per share grew by 9.1% during 2024.
Net Interest Margin Stabilization
Reported NIM of 2.88% increased by 6 basis points from Q3, and core NIM, excluding excess liquidity, increased by 11 basis points to 3.02%.
Lowlights
Decrease in Total Deposits
Deposits decreased by $94.9 million in Q4, driven by a $185.6 million decrease in public funds and a $13.4 million decrease in brokered deposits.
Increase in Noninterest Expense
Noninterest expense increased by $1.6 million or 3.3% compared to Q4 2023.
Company Guidance
During the Univest Financial Corporation's fourth quarter 2024 earnings call, executives provided guidance for 2025 with several key metrics highlighted. They projected loan growth between 3% and 5%, with net interest income expected to increase by approximately 5% to 7%, assuming a stable rate environment with one or two 25 basis point rate decreases. The provision for credit losses is anticipated to be in the range of $12 million to $14 million, while noninterest income is expected to grow by 4% to 6% from a base of $84.5 million. Noninterest expenses are forecasted to rise by 4% to 5%, and the effective tax rate is estimated to be around 20% to 20.5%. These projections reflect expectations of modest net interest margin expansion and continued strategic growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.