Umpqua Holdings Corp (UMPQ) to Issue Dividend Increase – $0.21 Per Share

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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 an increase from Umpqua’s previous quarterly dividend of $0.20.

Umpqua has increased its dividend payment by an average of 3.2% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Umpqua has a dividend 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 NASDAQ:UMPQ opened at $21.49 on Friday. Umpqua has a 52-week low of $18.05 and a 52-week high of $24.89. The stock has a market capitalization of $4.72 billion, a PE ratio of 20.08, a PEG ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.97.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). Umpqua had a return on equity of 7.11% and a net margin of 22.53%. The firm had revenue of $298.95 million during the quarter, compared to analysts’ expectations of $304.67 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. equities analysts predict that Umpqua will post 1.41 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on UMPQ shares. JPMorgan Chase & Co. reduced their price objective on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research note on Monday, July 23rd. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine cut Umpqua from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Sandler O’Neill restated a “buy” rating and issued a $25.00 price objective on shares of Umpqua in a research note on Friday, July 20th. Finally, Barclays reduced their price objective on Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.25.

Umpqua Company Profile

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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Dividend History for Umpqua (NASDAQ:UMPQ)

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