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

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) announced a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Shareholders of record on Wednesday, August 6th will be paid a dividend of 0.22 per share by the financial services provider on Wednesday, August 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, August 6th.

Univest Corporation of Pennsylvania has a dividend payout ratio of 30.2% meaning 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 Price Performance

Shares of Univest Corporation of Pennsylvania stock traded up $0.33 during trading on Monday, hitting $29.71. 104,602 shares of the company were exchanged, compared to its average volume of 116,089. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.17. Univest Corporation of Pennsylvania has a fifty-two week low of $22.83 and a fifty-two week high of $32.86. The stock has a market capitalization of $858.02 million, a price-to-earnings ratio of 10.84 and a beta of 0.73. The firm has a 50 day moving average price of $30.38 and a 200 day moving average price of $29.64.

Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $81.04 million during the quarter, compared to the consensus estimate of $79.50 million. Univest Corporation of Pennsylvania had a return on equity of 8.98% and a net margin of 15.71%. On average, equities analysts expect that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current fiscal year.

Institutional Trading of Univest Corporation of Pennsylvania

A number of institutional investors have recently added to or reduced their stakes in UVSP. Geneos Wealth Management Inc. lifted its position in shares of Univest Corporation of Pennsylvania by 545.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,252 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Univest Corporation of Pennsylvania by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock worth $487,000 after acquiring an additional 703 shares during the period. Jane Street Group LLC acquired a new stake in Univest Corporation of Pennsylvania during the first quarter worth about $1,467,000. Finally, Empowered Funds LLC raised its stake in Univest Corporation of Pennsylvania by 4.2% during the first quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider's stock worth $2,907,000 after acquiring an additional 4,087 shares during the period. 75.07% of the stock is owned by hedge funds and other institutional investors.

About Univest Corporation of Pennsylvania

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.