Univest Corporation of Pennsylvania (UVSP) Announces Quarterly Dividend of $0.20
Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced a quarterly dividend on Monday, August 28th, NASDAQ reports. Stockholders of record on Wednesday, September 13th will be given a dividend of 0.20 per share by the financial services provider on Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, September 12th.
Univest Corporation of Pennsylvania (NASDAQ UVSP) traded down 0.51% during mid-day trading on Tuesday, hitting $29.00. The stock had a trading volume of 1,067 shares. Univest Corporation of Pennsylvania has a 52-week low of $22.24 and a 52-week high of $31.50. The firm has a 50-day moving average of $29.84 and a 200-day moving average of $28.68. The stock has a market cap of $773.26 million, a P/E ratio of 26.15 and a beta of 0.69.
Univest Corporation of Pennsylvania (NASDAQ:UVSP) last released its earnings results on Friday, July 28th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $51.31 million during the quarter. Univest Corporation of Pennsylvania had a net margin of 13.95% and a return on equity of 8.04%. On average, analysts forecast that Univest Corporation of Pennsylvania will post $1.77 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on UVSP shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 target price on shares of Univest Corporation of Pennsylvania in a research report on Thursday, July 27th. ValuEngine raised shares of Univest Corporation of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Univest Corporation of Pennsylvania from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.
In related news, Director Michael L. Turner sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $29.80, for a total transaction of $59,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by insiders.
About Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
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