Univest Corporation of Pennsylvania (UVSP) To Go Ex-Dividend on February 11th

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Wednesday, February 11th will be given a dividend of 0.22 per share by the financial services provider on Wednesday, February 25th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, February 11th.

Univest Corporation of Pennsylvania has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Univest Corporation of Pennsylvania has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Univest Corporation of Pennsylvania to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 31.4%.

Univest Corporation of Pennsylvania Trading Down 2.1%

Shares of Univest Corporation of Pennsylvania stock opened at $32.72 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. Univest Corporation of Pennsylvania has a 12-month low of $22.83 and a 12-month high of $35.65. The company has a market capitalization of $931.73 million, a price-to-earnings ratio of 10.42 and a beta of 0.67. The firm’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $31.31.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $84.57 million during the quarter, compared to analysts’ expectations of $82.54 million. Univest Corporation of Pennsylvania had a net margin of 17.51% and a return on equity of 9.89%. On average, analysts forecast that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cornerstone Investment Partners LLC acquired a new stake in Univest Corporation of Pennsylvania during the 4th quarter worth approximately $213,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Univest Corporation of Pennsylvania by 19.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,333 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 3,687 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Univest Corporation of Pennsylvania by 13.6% during the fourth quarter. Evergreen Capital Management LLC now owns 7,868 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 942 shares during the period. CWM LLC grew its stake in shares of Univest Corporation of Pennsylvania by 8.7% in the fourth quarter. CWM LLC now owns 14,272 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in Univest Corporation of Pennsylvania in the fourth quarter valued at $448,000. Institutional investors own 75.07% of the company’s stock.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania is a financial holding company headquartered in Souderton, Pennsylvania, operating through its primary subsidiary, Univest Bank and Trust Co The company offers a comprehensive range of banking services, including commercial and consumer lending, deposit products, mortgage banking, treasury and payment solutions, and wealth management services. Through its community banking model, Univest serves individuals, small to middle-market businesses, and nonprofit and public institutions.

Founded in 1893 as Souderton Industrial Savings Association, Univest has grown through a combination of organic expansion and targeted acquisitions.