Univest Corporation of Pennsylvania (NASDAQ:UVSP) to Issue $0.22 Quarterly Dividend

Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Wednesday, November 5th will be paid a dividend of 0.22 per share by the financial services provider on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, November 5th.

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 $2.80 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 31.4%.

Univest Corporation of Pennsylvania Stock Performance

Shares of UVSP opened at $29.84 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $30.47 and a two-hundred day simple moving average of $29.90. The stock has a market cap of $859.69 million, a price-to-earnings ratio of 10.89 and a beta of 0.72. Univest Corporation of Pennsylvania has a 52 week low of $22.83 and a 52 week high of $32.86.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) last issued its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $62.30 million during the quarter. Univest Corporation of Pennsylvania had a return on equity of 8.92% and a net margin of 15.71%. On average, analysts expect that Univest Corporation of Pennsylvania will post 2.36 EPS for the current year.

Insiders Place Their Bets

In other Univest Corporation of Pennsylvania news, Director Thomas M. Petro sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $31.75, for a total transaction of $285,750.00. Following the completion of the transaction, the director owned 50,193 shares in the company, valued at $1,593,627.75. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Univest Corporation of Pennsylvania

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Univest Corporation of Pennsylvania by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the financial services provider’s stock valued at $277,000 after buying an additional 903 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 8.0% in the 1st quarter. American Century Companies Inc. now owns 682,823 shares of the financial services provider’s stock worth $19,365,000 after purchasing an additional 50,469 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Univest Corporation of Pennsylvania in the 1st quarter worth approximately $361,000. Vanguard Group Inc. boosted its holdings in shares of Univest Corporation of Pennsylvania by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,695,235 shares of the financial services provider’s stock worth $48,077,000 after purchasing an additional 69,462 shares during the period. Finally, CWM LLC boosted its stake in Univest Corporation of Pennsylvania by 26.6% during the first quarter. CWM LLC now owns 8,794 shares of the financial services provider’s stock worth $249,000 after buying an additional 1,850 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Univest Corporation of Pennsylvania Company Profile

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.