Univest Financial Co. (UVSP) To Go Ex-Dividend on November 6th

Univest Financial Co. (NASDAQ:UVSP) announced 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 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 6th.

Univest Financial has increased its dividend by an average of 11.9% per year over the last three years. Univest Financial has a dividend 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 Stock Performance

Shares of UVSP opened at $28.28 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Financial has a 52 week low of $16.10 and a 52 week high of $29.49. The stock has a market cap of $827.81 million, a price-to-earnings ratio of 11.83 and a beta of 0.85. The business has a 50-day simple moving average of $27.66 and a two-hundred day simple moving average of $24.51.

Univest Financial (NASDAQ:UVSP) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. Univest Financial had a return on equity of 8.23% and a net margin of 14.91%. During the same period in the prior year, the business posted $0.58 earnings per share. On average, analysts expect that Univest Financial will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UVSP shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price objective (up previously from $23.00) on shares of Univest Financial in a research report on Friday, July 26th. Piper Sandler increased their price objective on Univest Financial from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, July 26th.

Insider Buying and Selling

In other Univest Financial news, COO Michael S. Keim sold 3,633 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $28.76, for a total transaction of $104,485.08. Following the transaction, the chief operating officer now directly owns 55,679 shares of the company’s stock, valued at $1,601,328.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $104,485.08. Following the completion of the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey M. Schweitzer sold 1,200 shares of the company’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. This 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 valued at $412,352. 2.10% of the stock is owned by company insiders.

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.