Wall Street analysts expect Umpqua Holdings Co. (NASDAQ:UMPQ) to report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Umpqua’s earnings, with estimates ranging from $0.31 to $0.39. Umpqua posted earnings per share of $0.26 in the same quarter last year, which would indicate a positive year over year growth rate of 30.8%. The company is scheduled to report its next earnings results on Wednesday, July 18th.
On average, analysts expect that Umpqua will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.31 to $1.45. For the next financial year, analysts forecast that the firm will report earnings of $1.60 per share, with EPS estimates ranging from $1.50 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. The business had revenue of $301.80 million during the quarter, compared to analyst estimates of $289.28 million. During the same period in the previous year, the business earned $0.21 EPS.
A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of Umpqua in a research report on Thursday. Sandler O’Neill reaffirmed a “buy” rating and issued a $25.00 target price on shares of Umpqua in a research report on Friday. Finally, Barclays increased their target price on shares of Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.09.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total transaction of $124,302.75. Following the completion of the sale, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in UMPQ. Mutual of America Capital Management LLC boosted its holdings in shares of Umpqua by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 178,104 shares of the bank’s stock valued at $3,705,000 after acquiring an additional 2,384 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Umpqua by 1.8% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 139,141 shares of the bank’s stock valued at $2,894,000 after acquiring an additional 2,423 shares during the period. Advisor Group Inc. boosted its holdings in shares of Umpqua by 15.2% during the fourth quarter. Advisor Group Inc. now owns 21,859 shares of the bank’s stock valued at $454,000 after acquiring an additional 2,884 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Umpqua by 11.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,197 shares of the bank’s stock valued at $608,000 after acquiring an additional 3,001 shares during the period. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of Umpqua by 11.2% during the fourth quarter. Cetera Advisor Networks LLC now owns 30,317 shares of the bank’s stock valued at $631,000 after acquiring an additional 3,050 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
UMPQ traded up $0.62 on Tuesday, reaching $23.69. The stock had a trading volume of 3,398,696 shares, compared to its average volume of 1,614,751. Umpqua has a 12-month low of $16.76 and a 12-month high of $23.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market capitalization of $5,222.20, a price-to-earnings ratio of 22.14, a PEG ratio of 2.06 and a beta of 1.03.
The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 29th. Umpqua’s dividend payout ratio (DPR) is 74.77%.
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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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