Umpqua (NASDAQ:UMPQ) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Umpqua (NASDAQ:UMPQ) issued its quarterly earnings data on Tuesday. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.20, MarketWatch Earnings reports. Umpqua had a return on equity of 7.80% and a net margin of 16.53%. During the same period in the previous year, the firm posted $0.38 earnings per share.

NASDAQ:UMPQ opened at $16.27 on Thursday. Umpqua has a 12 month low of $8.88 and a 12 month high of $18.94. The stock has a 50 day moving average of $15.44 and a two-hundred day moving average of $12.81. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.58 billion, a P/E ratio of 15.57 and a beta of 1.21.

UMPQ has been the subject of several analyst reports. JPMorgan Chase & Co. cut Umpqua from a “neutral” rating to an “underweight” rating and set a $11.50 price objective for the company. in a report on Tuesday, October 27th. Stephens initiated coverage on Umpqua in a report on Tuesday, October 27th. They issued an “overweight” rating and a $16.00 price objective for the company. Piper Sandler boosted their price objective on Umpqua from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, December 9th. Wedbush upped their price target on Umpqua from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Finally, Wells Fargo & Company raised Umpqua from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $14.00 in a report on Thursday, October 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.44.

Umpqua Company Profile

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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Earnings History for Umpqua (NASDAQ:UMPQ)

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