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

Univest Financial Co. (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Wednesday, November 6th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 6th.

Univest Financial has increased its dividend by an average of 11.9% annually over the last three years. Univest Financial has a payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Univest Financial to earn $2.36 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 35.6%.

Univest Financial Stock Down 0.1 %

UVSP opened at $27.81 on Monday. The firm’s 50 day simple moving average is $27.80 and its two-hundred day simple moving average is $24.97. The company has a market capitalization of $807.60 million, a PE ratio of 11.17 and a beta of 0.85. Univest Financial has a 1-year low of $16.89 and a 1-year high of $29.49. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17.

Univest Financial (NASDAQ:UVSP) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Univest Financial had a return on equity of 8.24% and a net margin of 14.90%. The company had revenue of $126.59 million for the quarter, compared to analysts’ expectations of $74.11 million. During the same period last year, the firm earned $0.58 EPS. As a group, equities analysts forecast that Univest Financial will post 2.38 EPS for the current year.

Insider Activity

In related news, CEO Jeffrey M. Schweitzer sold 1,200 shares of Univest Financial stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $28.50, for a total transaction of $34,200.00. Following the sale, the chief executive officer now owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total transaction of $34,200.00. Following the completion of the transaction, the chief executive officer now directly owns 90,187 shares of the company’s stock, valued at approximately $2,570,329.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey M. Schweitzer sold 2,773 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $28.56, for a total transaction of $79,196.88. Following the completion of the sale, the chief executive officer now owns 90,187 shares in the company, valued at approximately $2,575,740.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,389 shares of company stock worth $412,352 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 price objective (up from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler upped their price target on shares of Univest Financial from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report 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.