Univest Corporation of Pennsylvania (UVSP) to Issue Quarterly Dividend of $0.23 on August 19th

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

Univest Corporation of Pennsylvania has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Univest Corporation of Pennsylvania has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Univest Corporation of Pennsylvania to earn $3.90 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 23.6%.

Univest Corporation of Pennsylvania Price Performance

Univest Corporation of Pennsylvania stock opened at $44.24 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. Univest Corporation of Pennsylvania has a 1-year low of $27.91 and a 1-year high of $45.46. The company has a market cap of $1.22 billion, a PE ratio of 12.79 and a beta of 0.66. The stock’s 50 day moving average price is $42.67 and its 200 day moving average price is $37.92.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Univest Corporation of Pennsylvania had a return on equity of 10.41% and a net margin of 18.86%.The business had revenue of $89.59 million for the quarter, compared to analyst estimates of $86.66 million. On average, sell-side analysts predict that Univest Corporation of Pennsylvania will post 3.67 EPS for the current fiscal year.

Analysts Set New Price Targets

UVSP has been the topic of a number of recent analyst reports. Zacks Research raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods raised their price objective on shares of Univest Corporation of Pennsylvania from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Univest Corporation of Pennsylvania from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $40.50.

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.