Univest Corporation of Pennsylvania (NASDAQ:UVSP) Plans $0.23 Quarterly Dividend

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Wednesday, July 22nd. Shareholders 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) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 5th.

Univest Corporation of Pennsylvania has increased its dividend payment by an average of 0.1%per year 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 31.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.4%

NASDAQ:UVSP opened at $43.79 on Thursday. The company has a market capitalization of $1.22 billion, a PE ratio of 13.15 and a beta of 0.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Univest Corporation of Pennsylvania has a 52-week low of $27.91 and a 52-week high of $45.46. The stock has a fifty day simple moving average of $41.86 and a 200-day simple moving average of $37.35.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued 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). Univest Corporation of Pennsylvania had a net margin of 18.25% and a return on equity of 10.19%. The business had revenue of $84.35 million during the quarter, compared to analyst estimates of $86.66 million. On average, equities research analysts expect that Univest Corporation of Pennsylvania will post 3.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UVSP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Univest Corporation of Pennsylvania from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings raised Univest Corporation of Pennsylvania from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.00.

Univest Corporation of Pennsylvania Company Profile

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.