Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be paid a dividend of $0.23 per share by the financial services provider on Wednesday, November 25th. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, November 10th.
Univest Corporation of Pennsylvania has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Univest Corporation of Pennsylvania has a payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Univest Corporation of Pennsylvania to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 23.5%.
Univest Corporation of Pennsylvania Price Performance
Shares of UVSP opened at $39.33 on Friday. Univest Corporation of Pennsylvania has a 12 month low of $28.20 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average price of $41.69 and a 200 day moving average price of $39.18. The company has a market cap of $1.08 billion, a P/E ratio of 12.56 and a beta of 0.67.
Univest Corporation of Pennsylvania (NASDAQ:UVSP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.20). Univest Corporation of Pennsylvania had a net margin of 17.95% and a return on equity of 9.93%. The firm had revenue of $90.03 million for the quarter, compared to analyst estimates of $90.55 million. On average, research analysts forecast that Univest Corporation of Pennsylvania will post 3.72 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Michael Turner sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $43.03, for a total transaction of $344,240.00. Following the completion of the sale, the director directly owned 24,684 shares in the company, valued at approximately $1,062,152.52. This trade represents a 24.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.83% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Univest Corporation of Pennsylvania
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Univest Corporation of Pennsylvania by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,886,235 shares of the financial services provider’s stock valued at $64,622,000 after buying an additional 6,965 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Univest Corporation of Pennsylvania by 39.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 358,183 shares of the financial services provider’s stock worth $15,671,000 after acquiring an additional 100,780 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Univest Corporation of Pennsylvania by 4.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 346,893 shares of the financial services provider’s stock worth $11,885,000 after acquiring an additional 13,772 shares in the last quarter. Sei Investments Co. lifted its stake in Univest Corporation of Pennsylvania by 12.1% in the 1st quarter. Sei Investments Co. now owns 271,772 shares of the financial services provider’s stock worth $9,311,000 after acquiring an additional 29,247 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Univest Corporation of Pennsylvania by 18.1% during the 1st quarter. Bank of America Corp DE now owns 225,853 shares of the financial services provider’s stock worth $7,738,000 after acquiring an additional 34,557 shares during the period. Hedge funds and other institutional investors own 75.07% of the company’s stock.
About Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania is a financial services holding company headquartered in Souderton, Pennsylvania. Through its principal subsidiary, Univest Bank and Trust Co, the company provides banking and related financial services to individuals, families and businesses.
Univest’s banking services include checking and savings accounts, consumer and commercial lending, mortgages, cash-management and treasury services, online and mobile banking, and other deposit products. The company also offers wealth management, investment and trust services, as well as insurance products through affiliated operations.
Founded in 1876, Univest has historically focused on serving communities in southeastern Pennsylvania, including the Philadelphia suburbs and surrounding counties.
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