Univest Corporation of Pennsylvania (UVSP) To Go Ex-Dividend on May 6th

Univest Corporation of Pennsylvania (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Wednesday, May 6th will be given a dividend of 0.23 per share by the financial services provider on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, May 6th. This is a 4.5% increase from Univest Corporation of Pennsylvania’s previous quarterly dividend of $0.22.

Univest Corporation of Pennsylvania has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Univest Corporation of Pennsylvania has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Univest Corporation of Pennsylvania to earn $3.65 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 24.1%.

Univest Corporation of Pennsylvania Price Performance

NASDAQ UVSP opened at $37.51 on Friday. The business’s fifty day moving average price is $34.78 and its 200-day moving average price is $33.10. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 11.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 1.05. Univest Corporation of Pennsylvania has a 1-year low of $27.77 and a 1-year high of $38.71.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.12. The firm had revenue of $87.45 million for the quarter, compared to analysts’ expectations of $84.85 million. Univest Corporation of Pennsylvania had a return on equity of 10.25% and a net margin of 18.25%. On average, equities analysts predict that Univest Corporation of Pennsylvania will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

UVSP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Univest Corporation of Pennsylvania in a report on Friday, March 27th. Keefe, Bruyette & Woods raised their target price on Univest Corporation of Pennsylvania from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Univest Corporation of Pennsylvania currently has an average rating of “Hold” and a consensus target price of $35.00.

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.