Umpqua Holdings Corp (NASDAQ:UMPQ) announced a quarterly dividend on Friday, March 15th, RTT News reports. Shareholders of record on Friday, March 29th will be paid a dividend of 0.21 per share by the bank on Monday, April 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.74%.
Umpqua has increased its dividend by an average of 9.0% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Umpqua has a dividend payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Umpqua to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 46.7%.
Shares of Umpqua stock opened at $17.74 on Friday. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 0.99. Umpqua has a 12-month low of $15.09 and a 12-month high of $24.89.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Umpqua had a net margin of 23.51% and a return on equity of 8.05%. The company had revenue of $304.20 million during the quarter, compared to analyst estimates of $306.36 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, analysts predict that Umpqua will post 1.65 EPS for the current fiscal year.
In related news, CFO Ron L. Farnsworth sold 9,500 shares of Umpqua stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $17.62, for a total transaction of $167,390.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by company insiders.
UMPQ has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, November 29th. ValuEngine upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Stephens restated a “hold” rating and issued a $20.00 price target on shares of Umpqua in a research note on Wednesday, December 19th. Finally, BidaskClub upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.25.
Umpqua Company Profile
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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