Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) declared a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, August 6th.
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
Univest Corporation of Pennsylvania stock traded down $1.95 during midday trading on Thursday, reaching $29.61. 176,062 shares of the company traded hands, compared to its average volume of 113,424. The firm has a market capitalization of $855.14 million, a price-to-earnings ratio of 11.09 and a beta of 0.73. The business has a 50 day moving average of $30.45 and a two-hundred day moving average of $29.61. Univest Corporation of Pennsylvania has a 12 month low of $22.83 and a 12 month high of $32.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.02 and a quick ratio of 1.02.
Univest Corporation of Pennsylvania (NASDAQ:UVSP - Get Free Report) last posted its 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. Univest Corporation of Pennsylvania had a net margin of 15.54% and a return on equity of 8.84%. The company had revenue of $81.04 million during the quarter, compared to analysts' expectations of $79.50 million. As a group, research analysts predict that Univest Corporation of Pennsylvania will post 2.36 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in Univest Corporation of Pennsylvania by 4.2% during the 1st quarter. Empowered Funds LLC now owns 102,517 shares of the financial services provider's stock valued at $2,907,000 after purchasing an additional 4,087 shares during the period. Jane Street Group LLC purchased a new position in Univest Corporation of Pennsylvania during the 1st quarter valued at about $1,467,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Univest Corporation of Pennsylvania by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,171 shares of the financial services provider's stock valued at $487,000 after purchasing an additional 703 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Univest Corporation of Pennsylvania by 545.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,665 shares of the financial services provider's stock worth $76,000 after buying an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company's stock.
Univest Corporation of Pennsylvania Company Profile
(
Get Free Report)
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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