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.
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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