Umpqua Holdings Corporation (UMPQ) Raises Dividend to $0.18 Per Share

Umpqua Holdings Corporation (NASDAQ:UMPQ) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Shareholders of record on Saturday, September 30th will be paid a dividend of 0.18 per share by the bank on Monday, October 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16.

Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 18.11 on Friday. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50. The stock has a market capitalization of $3.99 billion, a P/E ratio of 17.08 and a beta of 1.12. The company has a 50 day moving average of $17.75 and a 200-day moving average of $17.91.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same quarter last year, the firm posted $0.25 EPS. Equities research analysts anticipate that Umpqua Holdings Corporation will post $1.05 EPS for the current year.

UMPQ has been the subject of a number of research analyst reports. BidaskClub lowered shares of Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Wedbush initiated coverage on shares of Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. Stephens restated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, July 10th. Finally, ValuEngine lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.17.

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Umpqua Holdings Corporation Company Profile

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

Dividend History for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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