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.
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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