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.
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