Wall Street brokerages forecast that Umpqua Holdings Corp (NASDAQ:UMPQ) will post earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Umpqua’s earnings, with estimates ranging from $0.25 to $0.31. Umpqua posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is scheduled to issue its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Umpqua will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.44. For the next year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $293.80 million. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS.
UMPQ has been the topic of a number of research reports. Barclays boosted their target price on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Hovde Group reissued a “hold” rating and set a $22.50 target price on shares of Umpqua in a report on Tuesday, February 6th. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Friday, January 12th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Wedbush raised shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.80.
Shares of Umpqua (UMPQ) traded down $0.39 during trading on Wednesday, hitting $22.24. 1,428,303 shares of the company traded hands, compared to its average volume of 1,610,438. The company has a market cap of $5,032.63, a price-to-earnings ratio of 19.68, a PEG ratio of 1.99 and a beta of 1.08. 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 has a 12 month low of $16.65 and a 12 month high of $23.18.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in shares of Umpqua by 1.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 178,104 shares of the bank’s stock worth $3,705,000 after purchasing an additional 2,384 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Umpqua by 1.8% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 139,141 shares of the bank’s stock worth $2,894,000 after purchasing an additional 2,423 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Umpqua by 2.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 134,992 shares of the bank’s stock worth $2,647,000 after purchasing an additional 2,767 shares during the period. Advisor Group Inc. lifted its position in shares of Umpqua by 15.2% in the 4th quarter. Advisor Group Inc. now owns 21,859 shares of the bank’s stock worth $454,000 after purchasing an additional 2,884 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Umpqua by 0.5% in the 3rd quarter. Systematic Financial Management LP now owns 637,427 shares of the bank’s stock worth $12,436,000 after purchasing an additional 2,913 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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Umpqua Company Profile
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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