Univest Financial Co. (NASDAQ:UVSP – Get Rating) announced a quarterly dividend on Wednesday, April 27th, Zacks reports. Shareholders of record on Wednesday, May 11th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, May 25th. This represents a $0.84 annualized dividend and a yield of 3.33%. The ex-dividend date is Tuesday, May 10th. This is a positive change from Univest Financial’s previous quarterly dividend of $0.20.
Univest Financial has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Univest Financial to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 28.9%.
UVSP opened at $25.25 on Friday. Univest Financial has a 1-year low of $24.40 and a 1-year high of $31.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market cap of $745.56 million, a P/E ratio of 8.09 and a beta of 1.00. The company has a fifty day moving average price of $27.17 and a two-hundred day moving average price of $28.79.
A number of institutional investors have recently added to or reduced their stakes in UVSP. BlackRock Inc. boosted its holdings in Univest Financial by 1.5% during the fourth quarter. BlackRock Inc. now owns 2,950,879 shares of the financial services provider’s stock worth $88,289,000 after purchasing an additional 44,282 shares during the last quarter. Morgan Stanley boosted its holdings in Univest Financial by 270.5% during the second quarter. Morgan Stanley now owns 33,206 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 24,243 shares during the last quarter. Millennium Management LLC purchased a new position in Univest Financial during the second quarter worth about $541,000. The Manufacturers Life Insurance Company raised its position in Univest Financial by 1.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,303,103 shares of the financial services provider’s stock worth $38,989,000 after acquiring an additional 18,997 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Univest Financial by 8.1% in the third quarter. Bank of New York Mellon Corp now owns 199,456 shares of the financial services provider’s stock worth $5,464,000 after acquiring an additional 14,979 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.
A number of brokerages have recently issued reports on UVSP. Zacks Investment Research upgraded shares of Univest Financial from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, February 1st. StockNews.com began coverage on shares of Univest Financial in a report on Thursday, March 31st. They set a “hold” rating for the company.
About Univest Financial (Get Rating)
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides 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.
- Get a free copy of the StockNews.com research report on Univest Financial (UVSP)
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