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

Univest Financial Co. (NASDAQ:UVSP) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Wednesday, February 5th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, February 19th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, February 5th.

Univest Financial has raised its dividend payment by an average of 1.6% per year over the last three years. Univest Financial has a dividend payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Univest Financial to earn $2.72 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 30.9%.

Univest Financial Stock Performance

NASDAQ:UVSP opened at $29.86 on Friday. Univest Financial has a fifty-two week low of $18.41 and a fifty-two week high of $32.75. The firm’s 50 day moving average is $30.42 and its two-hundred day moving average is $28.49. The company has a market cap of $867.13 million, a P/E ratio of 11.53 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. Analysts expect that Univest Financial will post 2.32 EPS for the current year.

Analysts Set New Price Targets

UVSP has been the topic of several research reports. Stephens restated an “equal weight” rating and issued a $31.00 price target on shares of Univest Financial in a report on Thursday. Piper Sandler raised their target price on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, October 25th.

Univest Financial Company Profile

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.