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

Univest Financial Co. (NASDAQ:UVSP) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, February 5th.

Univest Financial has increased its dividend payment by an average of 1.6% annually over the last three years. Univest Financial has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.3 %

Shares of NASDAQ UVSP opened at $29.86 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.02. Univest Financial has a 1 year low of $18.41 and a 1 year high of $32.75. The stock’s 50-day simple moving average is $30.42 and its 200-day simple moving average is $28.49. The firm has a market cap of $867.13 million, a price-to-earnings ratio of 11.53 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a return on equity of 8.51% and a net margin of 15.17%. As a group, equities analysts anticipate that Univest Financial will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Univest Financial from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stephens restated an “equal weight” rating and issued a $31.00 target price on shares of Univest Financial in a research note on Thursday.

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.