Umpqua Holdings Co. (NASDAQ:UMPQ) announced a quarterly dividend on Thursday, March 15th, RTT News reports. Stockholders of record on Monday, April 2nd will be paid a dividend of 0.20 per share by the bank on Friday, April 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, March 29th. This is a boost from Umpqua’s previous quarterly dividend of $0.18.
Umpqua stock opened at $21.37 on Friday. The firm has a market capitalization of $4,781.33, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03. Umpqua has a 52 week low of $16.65 and a 52 week high of $23.18. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. research analysts predict that Umpqua will post 1.35 EPS for the current year.
A number of research firms have recently issued reports on UMPQ. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded Umpqua from a “buy” rating to a “strong-buy” rating in a research note on Friday. BidaskClub downgraded Umpqua from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Stephens reissued a “hold” rating and issued a $24.00 price target on shares of Umpqua in a report on Tuesday, March 20th. Finally, JPMorgan Chase reduced their price target on Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Umpqua has a consensus rating of “Hold” and an average target price of $22.20.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
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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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