Umpqua Holdings Corporation (NASDAQ:UMPQ) declared a quarterly dividend on Friday, December 15th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.18 per share by the bank on Monday, January 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.52%.

Umpqua (NASDAQ UMPQ) opened at $20.48 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96. Umpqua has a 1 year low of $16.65 and a 1 year high of $22.86. The firm has a market capitalization of $4,589.63, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.36 and a beta of 1.13.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million during the quarter, compared to analyst estimates of $297.51 million. During the same quarter last year, the business earned $0.28 EPS. research analysts expect that Umpqua will post 1.04 earnings per share for the current fiscal year.

In other news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

A number of brokerages have commented on UMPQ. SunTrust Banks restated a “buy” rating and set a $24.00 price objective on shares of Umpqua in a research report on Wednesday, November 29th. Keefe, Bruyette & Woods upgraded Umpqua from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Barclays raised their price objective on Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Wells Fargo & Company raised their price objective on Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, Piper Jaffray Companies restated a “sell” rating and set a $16.50 price objective on shares of Umpqua in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Umpqua currently has a consensus rating of “Hold” and a consensus target price of $20.17.

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Umpqua Company Profile

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.

Dividend History for Umpqua (NASDAQ:UMPQ)

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