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

Posted by Rob Hiaasen on May 5th, 2024

Univest Financial Co. (NASDAQ:UVSP – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Wednesday, May 8th will be given 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 3.75%. The ex-dividend date of this dividend is Tuesday, May 7th.

Univest Financial has raised its dividend payment by an average of 11.9% annually over the last three years. Univest Financial has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Univest Financial to earn $2.04 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 41.2%.

Univest Financial Trading Up 0.6 %

NASDAQ UVSP opened at $22.38 on Friday. The firm has a market cap of $655.06 million, a PE ratio of 9.36 and a beta of 0.87. Univest Financial has a 52 week low of $16.10 and a 52 week high of $22.67. The company has a quick ratio of 1.06, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $20.00 and a 200 day moving average price of $19.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UVSP shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $23.00 price target (up from $22.00) on shares of Univest Financial in a research report on Friday, April 26th. Piper Sandler upped their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st.

Read Our Latest Analysis on Univest Financial

About Univest Financial

(Get Free Report)

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.