Umpqua Holdings Corporation (UMPQ) Plans Quarterly Dividend of $0.18
Umpqua Holdings Corporation (NASDAQ:UMPQ) declared a quarterly dividend on Thursday, September 14th, RTT News reports. Shareholders of record on Saturday, September 30th will be given a dividend of 0.18 per share by the bank on Monday, October 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.95%. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16.
Umpqua Holdings Corporation (UMPQ) opened at 18.34 on Thursday. The company’s 50 day moving average is $17.80 and its 200-day moving average is $17.90. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 17.30 and a beta of 1.12. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $19.50.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same period last year, the firm earned $0.25 earnings per share. On average, analysts expect that Umpqua Holdings Corporation will post $1.05 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Stephens reaffirmed a “hold” rating and set a $20.00 target price on shares of Umpqua Holdings Corporation in a report on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 target price on shares of Umpqua Holdings Corporation and gave the company a “hold” rating in a report on Monday, July 10th. Finally, Wedbush assumed coverage on shares of Umpqua Holdings Corporation in a report on Wednesday, June 28th. They set a “neutral” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.17.
About Umpqua Holdings Corporation
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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