Umpqua Holdings Corp (NASDAQ:UMPQ) declared a quarterly dividend on Friday, September 14th, RTT News reports. Stockholders of record on Friday, September 28th will be paid a dividend of 0.21 per share by the bank on Monday, October 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.91%. This is a boost from Umpqua’s previous quarterly dividend of $0.20.
Umpqua has raised its dividend by an average of 3.2% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Umpqua has a payout ratio of 56.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Umpqua to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 48.8%.
Shares of UMPQ stock opened at $21.49 on Friday. Umpqua has a 1-year low of $18.05 and a 1-year high of $24.89. The stock has a market cap of $4.72 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.11%. The company had revenue of $298.95 million for the quarter, compared to the consensus estimate of $304.67 million. During the same period in the previous year, the business earned $0.26 EPS. equities analysts anticipate that Umpqua will post 1.41 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on UMPQ. Piper Jaffray Companies set a $20.00 price objective on Umpqua and gave the company a “sell” rating in a research report on Thursday, August 2nd. BidaskClub raised Umpqua from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. ValuEngine downgraded Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Barclays dropped their price objective on Umpqua from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.25.
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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