Univest Financial Co. (NASDAQ:UVSP) Announces $0.21 Quarterly Dividend

Univest Financial Co. (NASDAQ:UVSP) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 8th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Tuesday, May 7th.

Univest Financial has increased its dividend by an average of 11.9% per year over the last three years. Univest Financial has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Univest Financial to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 41.2%.

Univest Financial Price Performance

Univest Financial stock opened at $22.38 on Monday. The company’s 50 day simple moving average is $20.00 and its 200-day simple moving average is $19.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. Univest Financial has a 1 year low of $16.10 and a 1 year high of $22.67. The company has a market capitalization of $655.06 million, a price-to-earnings ratio of 9.36 and a beta of 0.87.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler boosted their target price on Univest Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Univest Financial in a report on Friday, April 26th.

About Univest Financial

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.