Univest Financial Co. (NASDAQ:UVSP - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, November 20th. This represents a $0.84 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, November 6th.
Univest Financial has raised its dividend payment by an average of 11.9% annually over the last three years. Univest Financial has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Univest Financial to earn $2.32 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 36.2%.
Univest Financial Trading Down 1.4 %
UVSP stock traded down $0.41 during midday trading on Friday, hitting $27.87. The stock had a trading volume of 87,492 shares, compared to its average volume of 101,803. The business has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $24.56. Univest Financial has a 1-year low of $16.10 and a 1-year high of $29.49. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The firm has a market cap of $815.81 million, a P/E ratio of 11.66 and a beta of 0.85.
Univest Financial (NASDAQ:UVSP - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. The company had revenue of $126.59 million for the quarter, compared to analyst estimates of $74.11 million. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same quarter in the prior year, the company earned $0.58 EPS. On average, sell-side analysts predict that Univest Financial will post 2.31 earnings per share for the current fiscal year.
Insider Buying and Selling at Univest Financial
In other news, CEO Jeffrey M. Schweitzer sold 1,200 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total transaction of $34,200.00. Following the completion of the sale, the chief executive officer now directly owns 90,187 shares of the company's stock, valued at $2,570,329.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Michael S. Keim sold 3,633 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $28.76, for a total transaction of $104,485.08. Following the completion of the sale, the chief operating officer now directly owns 55,679 shares of the company's stock, valued at approximately $1,601,328.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.50, for a total value of $34,200.00. Following the completion of the transaction, the chief executive officer now owns 90,187 shares of the company's stock, valued at $2,570,329.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,389 shares of company stock worth $412,352. 2.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
UVSP has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $29.00 target price (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler upped their price target on Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday.
Read Our Latest Research Report on Univest Financial
About Univest Financial
(
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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.
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