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

Posted by Casey Walker on May 6th, 2024

Univest Financial Co. (NASDAQ:UVSP – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders 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 3.75%. The ex-dividend date of this dividend is Tuesday, May 7th.

Univest Financial has increased its dividend by an average of 11.9% per year over the last three years. Univest Financial has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Univest Financial to earn $2.04 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 41.2%.

Univest Financial Trading Up 0.6 %

Shares of UVSP stock opened at $22.38 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The firm has a market cap of $655.06 million, a P/E ratio of 9.36 and a beta of 0.87. The business has a 50-day moving average price of $20.00 and a two-hundred day moving average price of $19.86. Univest Financial has a 12-month low of $16.10 and a 12-month high of $22.67.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UVSP. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $23.00 target price (up previously from $22.00) on shares of Univest Financial in a research note on Friday, April 26th. Piper Sandler increased their target price on shares of Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, February 1st.

View Our Latest Research Report on UVSP

Univest Financial Company Profile

(Get Free Report)

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.