Univest Corporation of Pennsylvania (UVSP) To Go Ex-Dividend on August 5th

Univest Corporation of Pennsylvania (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.23 per share by the financial services provider on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 5th.

Univest Corporation of Pennsylvania has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Univest Corporation of Pennsylvania has a dividend payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Univest Corporation of Pennsylvania to earn $3.75 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 24.5%.

Univest Corporation of Pennsylvania Stock Up 0.9%

NASDAQ:UVSP opened at $44.18 on Friday. Univest Corporation of Pennsylvania has a 12-month low of $27.91 and a 12-month high of $45.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.23 billion, a P/E ratio of 12.77 and a beta of 0.66. The stock’s fifty day simple moving average is $41.98 and its 200-day simple moving average is $37.43.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The company had revenue of $84.35 million for the quarter, compared to analyst estimates of $86.66 million. Univest Corporation of Pennsylvania had a return on equity of 10.44% and a net margin of 18.86%. Equities research analysts expect that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current year.

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.