EVERTEC, Inc. (EVTC) To Go Ex-Dividend on March 3rd

EVERTEC, Inc. (NYSE:EVTC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.05 per share by the business services provider on Friday, March 21st. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd.

EVERTEC has a payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EVERTEC to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.4%.

EVERTEC Trading Down 0.5 %

Shares of NYSE EVTC opened at $37.37 on Friday. The stock’s 50 day moving average price is $33.43 and its two-hundred day moving average price is $33.76. EVERTEC has a 52-week low of $28.76 and a 52-week high of $40.67. The stock has a market capitalization of $2.38 billion, a P/E ratio of 29.20, a PEG ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EVTC. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $33.00 to $35.00 in a report on Thursday, November 21st. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and upped their target price for the company from $28.00 to $30.00 in a report on Thursday. Finally, William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Thursday.

Insider Buying and Selling

In other EVERTEC news, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the transaction, the executive vice president now directly owns 113,915 shares of the company’s stock, valued at approximately $3,883,362.35. This trade represents a 6.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the transaction, the chief financial officer now owns 54,998 shares in the company, valued at approximately $1,984,327.84. This trade represents a 46.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,308 shares of company stock valued at $2,440,112 in the last three months. 0.83% of the stock is currently owned by corporate insiders.

EVERTEC Company Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.