Univest Financial Co. (NASDAQ:UVSP – Get Free Report) 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 annualized dividend and a 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% indicating that 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 Stock Performance
Shares of UVSP stock opened at $20.55 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $606.84 million, a P/E ratio of 8.60 and a beta of 0.89. The company’s 50 day moving average price is $19.80 and its two-hundred day moving average price is $19.62. Univest Financial has a 52 week low of $16.10 and a 52 week high of $22.49.
Analyst Upgrades and Downgrades
Separately, Piper Sandler boosted their price objective on shares of Univest Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st.
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.
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