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

Univest Financial Co. (NASDAQ:UVSP) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders 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 dividend yield of 2.77%. 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 payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.4 %

NASDAQ UVSP traded up $0.42 during trading hours on Friday, hitting $30.28. The company’s stock had a trading volume of 84,082 shares, compared to its average volume of 84,125. Univest Financial has a twelve month low of $18.41 and a twelve month high of $32.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $879.33 million, a P/E ratio of 11.69 and a beta of 0.89. The stock has a fifty day moving average of $30.42 and a 200 day moving average of $28.49.

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

Analyst Upgrades and Downgrades

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