Univest Corporation of Pennsylvania (UVSP) to Issue Quarterly Dividend of $0.20 on October 2nd
Univest Corporation of Pennsylvania (NASDAQ:UVSP) declared a quarterly dividend on Monday, August 28th, NASDAQ reports. Stockholders of record on Wednesday, September 13th will be given a dividend of 0.20 per share by the financial services provider on Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Tuesday, September 12th.
Univest Corporation of Pennsylvania (UVSP) opened at 28.45 on Thursday. The company has a market capitalization of $758.59 million, a P/E ratio of 25.65 and a beta of 0.70. Univest Corporation of Pennsylvania has a 52-week low of $22.24 and a 52-week high of $31.50. The stock’s 50 day moving average is $29.65 and its 200-day moving average is $28.74.
Univest Corporation of Pennsylvania (NASDAQ:UVSP) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $51.31 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.04%. Analysts predict that Univest Corporation of Pennsylvania will post $1.77 EPS for the current fiscal year.
UVSP has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Univest Corporation of Pennsylvania from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 price target on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th.
In related news, Director Michael L. Turner sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by corporate insiders.
Univest Corporation of Pennsylvania Company Profile
Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
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