Umpqua Holdings Corporation (UMPQ) Plans Quarterly Dividend of $0.18
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.
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.
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