Q3 2018 Earnings Forecast for Umpqua Holdings Corporation (NASDAQ:UMPQ) Issued By Wedbush

Umpqua Holdings Corporation (NASDAQ:UMPQ) – Analysts at Wedbush boosted their Q3 2018 earnings per share estimates for Umpqua in a research report issued on Thursday, Zacks Investment Research reports. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.32. Wedbush currently has a “Outperform” rating and a $25.00 target price on the stock. Wedbush also issued estimates for Umpqua’s Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $1.95 EPS.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Several other analysts have also commented on UMPQ. Piper Jaffray Companies reiterated a “sell” rating and set a $16.50 price objective on shares of Umpqua in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Umpqua in a report on Monday, October 16th. Wells Fargo & Co increased their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Barclays increased their price objective on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $23.00 target price on shares of Umpqua in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.55.

Shares of Umpqua (NASDAQ:UMPQ) opened at $21.65 on Monday. Umpqua has a twelve month low of $16.65 and a twelve month high of $22.89. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4,783.84, a price-to-earnings ratio of 19.16, a PEG ratio of 1.86 and a beta of 1.14.

The company also recently announced a dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.18 dividend. The ex-dividend date was Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is 63.72%.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Umpqua by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock worth $348,335,000 after acquiring an additional 205,163 shares during the last quarter. Capital World Investors raised its stake in Umpqua by 6.6% in the 2nd quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock worth $280,418,000 after acquiring an additional 944,594 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Umpqua by 12.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock worth $197,288,000 after acquiring an additional 1,219,722 shares during the last quarter. Macquarie Group Ltd. raised its stake in Umpqua by 0.7% in the 3rd quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after acquiring an additional 38,047 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Umpqua by 1.8% in the 2nd quarter. Northern Trust Corp now owns 4,839,132 shares of the bank’s stock worth $88,847,000 after acquiring an additional 87,757 shares during the last quarter. Institutional investors own 88.27% of the company’s stock.

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About Umpqua

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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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