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.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/01/umpqua-holdings-corporation-umpq-expected-to-earn-q3-2018-earnings-of-0-39-per-share.html.
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.
Get a free copy of the Zacks research report on Umpqua (UMPQ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.