EVERTEC, Inc. (NYSE:EVTC) Declares Quarterly Dividend of $0.05

EVERTEC, Inc. (NYSE:EVTC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.05 per share by the business services provider on Friday, March 21st. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, March 3rd.

EVERTEC has a dividend payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EVERTEC to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.4%.

EVERTEC Price Performance

Shares of EVTC opened at $33.15 on Friday. The company has a 50 day moving average price of $33.39 and a 200-day moving average price of $33.69. EVERTEC has a fifty-two week low of $28.76 and a fifty-two week high of $41.57. The stock has a market capitalization of $2.11 billion, a PE ratio of 25.89, a PEG ratio of 1.46 and a beta of 1.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EVTC. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling

In other EVERTEC news, EVP Daniel Brignardello sold 3,842 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.00, for a total transaction of $138,312.00. Following the transaction, the executive vice president now owns 32,481 shares in the company, valued at approximately $1,169,316. This represents a 10.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the completion of the sale, the chief financial officer now directly owns 54,998 shares in the company, valued at $1,984,327.84. This trade represents a 46.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,308 shares of company stock worth $2,440,112 in the last 90 days. 0.83% of the stock is owned by corporate insiders.

EVERTEC Company Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.