Wall Street analysts expect that Umpqua Holdings Corp (NASDAQ:UMPQ) will report earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Umpqua’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.34. Umpqua reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is expected to report its next earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that Umpqua will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.35 to $1.47. For the next financial year, analysts expect that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.55 to $1.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Umpqua.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.09%. The firm had revenue of $298.95 million for the quarter, compared to the consensus estimate of $304.67 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share.
Several analysts have weighed in on UMPQ shares. JPMorgan Chase & Co. dropped their price objective on shares of Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research note on Monday, July 23rd. BidaskClub raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Friday, June 8th. ValuEngine downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Sandler O’Neill reissued a “buy” rating and issued a $25.00 price objective on shares of Umpqua in a report on Friday, April 20th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of Umpqua in a report on Thursday, April 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.25.
Several hedge funds have recently bought and sold shares of UMPQ. Robeco Institutional Asset Management B.V. acquired a new position in Umpqua during the second quarter worth $10,212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Umpqua during the second quarter worth $1,343,000. State of Wisconsin Investment Board acquired a new stake in shares of Umpqua during the second quarter worth $969,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Umpqua during the second quarter worth $391,000. Finally, LMR Partners LLP acquired a new stake in shares of Umpqua during the second quarter worth $7,496,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
Umpqua stock traded down $0.32 on Tuesday, reaching $21.34. 797,393 shares of the stock were exchanged, compared to its average volume of 2,032,711. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.97. Umpqua has a twelve month low of $16.77 and a twelve month high of $24.89.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Friday, June 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Thursday, June 28th. Umpqua’s dividend payout ratio (DPR) is presently 74.77%.
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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