Univest Financial Co. to Issue Quarterly Dividend of $0.21 (NASDAQ:UVSP)

Univest Financial Co. (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 8th will be paid a dividend of 0.21 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Tuesday, May 7th.

Univest Financial has increased its dividend by an average of 11.9% annually over the last three years. Univest Financial has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Univest Financial to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 41.6%.

Univest Financial Stock Performance

Shares of NASDAQ:UVSP opened at $20.55 on Friday. The business’s fifty day moving average price is $19.79 and its two-hundred day moving average price is $19.63. Univest Financial has a fifty-two week low of $16.10 and a fifty-two week high of $22.49. The stock has a market capitalization of $606.84 million, a price-to-earnings ratio of 8.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06.

Univest Financial (NASDAQ:UVSP) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Univest Financial had a return on equity of 8.42% and a net margin of 14.98%. The firm had revenue of $71.38 million for the quarter, compared to analysts’ expectations of $70.32 million. As a group, analysts predict that Univest Financial will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st.

About Univest Financial

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers 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.