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

Univest Financial Co. (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors 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 4.09%. The ex-dividend date of this dividend is Tuesday, May 7th.

Univest Financial has raised its dividend payment by an average of 11.9% per year over the last three years. Univest Financial has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Univest Financial to earn $2.02 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 41.6%.

Univest Financial Price Performance

NASDAQ UVSP opened at $20.55 on Friday. Univest Financial has a 12 month low of $16.10 and a 12 month high of $22.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $606.84 million, a PE ratio of 8.60 and a beta of 0.89. The company’s 50 day simple moving average is $19.80 and its 200 day simple moving average is $19.62.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. Univest Financial had a net margin of 14.98% and a return on equity of 8.42%. The firm had revenue of $71.38 million for the quarter, compared to analyst estimates of $70.32 million. As a group, equities research analysts forecast that Univest Financial will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on shares of Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st.

About Univest Financial

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.