Umpqua Holdings Corp (UMPQ) Announces Quarterly Dividend of $0.21

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Umpqua Holdings Corp (NASDAQ:UMPQ) announced a quarterly dividend on Friday, March 15th, RTT News reports. Investors of record on Friday, March 29th will be given a dividend of 0.21 per share by the bank on Monday, April 15th. This represents a $0.84 annualized dividend and a yield of 4.74%.

Umpqua has raised its dividend payment by an average of 9.0% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Umpqua has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. 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%.

UMPQ opened at $17.74 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm 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. Umpqua has a 1 year low of $15.09 and a 1 year high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $306.36 million. Umpqua had a return on equity of 8.05% and a net margin of 23.51%. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, analysts expect that Umpqua will post 1.65 EPS for the current fiscal year.

In related news, CFO Ron L. Farnsworth sold 9,500 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $17.62, for a total value of $167,390.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

UMPQ has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Monday, November 19th. Piper Jaffray Companies raised shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a report on Wednesday, November 21st. Finally, ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.25.

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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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Dividend History for Umpqua (NASDAQ:UMPQ)

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