Equities analysts expect that Umpqua Holdings Co. (NASDAQ:UMPQ) will announce $303.57 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Umpqua’s earnings, with the highest sales estimate coming in at $308.60 million and the lowest estimate coming in at $291.50 million. Umpqua posted sales of $283.20 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that Umpqua will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $1.19 billion to $1.23 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.28 billion per share, with estimates ranging from $1.25 billion to $1.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Umpqua.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. The company had revenue of $301.80 million for the quarter, compared to analyst estimates of $289.28 million. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. During the same period last year, the business posted $0.21 EPS.
Several analysts have recently weighed in on UMPQ shares. BidaskClub upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Finally, Barclays lifted their target price on shares of Umpqua from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.88.
A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Umpqua by 32.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,332,164 shares of the bank’s stock valued at $49,932,000 after purchasing an additional 569,658 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Umpqua by 43.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 27,392 shares of the bank’s stock valued at $586,000 after purchasing an additional 8,300 shares during the last quarter. Royal Bank of Canada lifted its holdings in Umpqua by 0.9% during the 1st quarter. Royal Bank of Canada now owns 524,574 shares of the bank’s stock valued at $11,231,000 after purchasing an additional 4,929 shares during the last quarter. Legal & General Group Plc lifted its holdings in Umpqua by 7.1% during the 1st quarter. Legal & General Group Plc now owns 301,001 shares of the bank’s stock valued at $6,445,000 after purchasing an additional 19,888 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Umpqua by 135.4% during the 1st quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock valued at $128,592,000 after purchasing an additional 3,455,114 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.
Umpqua opened at $23.99 on Thursday, according to MarketBeat. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.85 and a beta of 1.04. Umpqua has a 52-week low of $16.76 and a 52-week high of $24.73.
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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