The Univest of Pennsylvania announced on January 25, 2023 that its board of directors declared a regular quarterly dividend of $0.21 per share ($0.84 annualized). Shareholders of record on February 7, 2023 will receive payment on February 22, 2023. Previously, the Company paid $0.21 per share.
At the current stock price of $27.15/share, the stock’s dividend yield is 3.09%. If we go back five years and sample each week, the average dividend yield was 3.37%, the lowest was 2.56%, and the highest was 5.77%. The standard deviation of the returns is 0.75 (n=236).
The current dividend yield is 0.37 standard deviations below the historical average.
Additionally, the company’s payout ratio is 0.31. The payout ratio indicates how much of a company’s earnings is distributed in the form of dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as a dividend. A payout ratio greater than one means the company is diving into savings to maintain its dividend — not a healthy situation. Companies with low growth prospects are expected to pay out most of their income in the form of dividends, which typically means a payout ratio of between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.05%, showing that it has increased its dividend over time.
Analyst price forecast suggests upside potential of 14.59%
As of February 1, 2023, the average one-year price target for Université of Pennsylvania is $31.11. Forecasts range from a low of $30.30 to a high of $32.55. The average target price represents a 14.59% increase from the last reported close of $27.15.
Projected annual revenue for the Univest of Pennsylvania is $330 million, an increase of 16.26%. Projected annual EPS is $3.03, up 14.01%.
There are 360 funds or institutions reporting positions in Universit of Pennsylvania. This is an increase of 3 owners or 0.84%.
Average portfolio weight all funds US:UVSP dedicated is 0.1060%, down from 2.9259%. The total number of shares held by institutions fell 1.32% over the past three months to 24,842,000 shares.
What do major shareholders do?
Pzena Investment Management holds 1,696,998 shares, representing a 5.80% stake in the company. In its earlier filing, the company said it owned 1,711,041 shares, which this represents
of 0.83%. The Company
its portfolio allocation to EIA increased by 1.13% in the most recent quarter.
The manufacturer life insurance company holds 1,270,261 shares, representing a 4.34% stake in the company. In its earlier filing, the company said it owned 1,247,016 shares, which this represents
of 1.83%. The Company
its portfolio allocation to EIA increased by 5.66% in the most recent quarter.
JCCIX – John Hancock Small Cap Core Fund Class I holds 834,343 shares representing 2.85% of the shares in the company. In its earlier filing, the company said it owned 770,462 shares, which this represents
of 7.66%. The Company
its portfolio allocation to EIA increased by 24.58% in the most recent quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 830,696 shares which is a 2.84% stake in the company. In its earlier filing, the company said it owned 830,436 shares, which this represents
of 0.03%. The Company
its portfolio allocation to EIA increased by 3.76% in the most recent quarter.
Renaissance Technologies holds 749,869 shares, representing a 2.56% stake in the company. In its earlier filing, the company said it owned 806,589 shares, which this represents
of 7.56%. The Company
its portfolio allocation to EIA increased by 2.54% in the most recent quarter.
Invest financial background information
(This description is provided by the company.)
Univest Financial Corporation (UVSP), including its wholly owned subsidiary Univest Bank and Trust Co., a member of the FDIC, manages and controls approximately $6.3 billion of assets in its wealth management businesses as of December 31, 2020 and manages and oversees $4.1 billion in assets Founded in 1876 and headquartered in Souderton, Pennsylvania, the company and its subsidiaries provide a full range of financial solutions to individuals, businesses, municipalities and non-profit organizations primarily in the Mid-Atlantic region. Univest provides these services through a network of more than 50 offices in southeastern Pennsylvania, extending to the Lehigh Valley and York, as well as in New Jersey and Maryland.
This story originally appeared on Fintel.
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