Umpqua Holdings Corp (NASDAQ:UMPQ) – Equities researchers at Wedbush raised their Q3 2018 earnings estimates for shares of Umpqua in a research note issued to investors on Wednesday, September 26th, according to Zacks Investment Research. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.34.
Other research analysts have also issued research reports about the company. ValuEngine lowered Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. BidaskClub lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Piper Jaffray Companies set a $20.00 price target on Umpqua and gave the stock a “sell” rating in a research report on Thursday, August 2nd. Finally, Hovde Group set a $24.00 price target on Umpqua and gave the stock a “hold” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Umpqua has an average rating of “Hold” and a consensus target price of $24.42.
UMPQ stock traded down $0.54 during trading on Friday, reaching $19.41. 1,798,232 shares of the company’s stock were exchanged, compared to its average volume of 1,773,555. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. Umpqua has a 1-year low of $18.88 and a 1-year high of $24.89. The firm has a market capitalization of $4.58 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.64 and a beta of 0.96.
Umpqua (NASDAQ:UMPQ) last announced 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 return on equity of 7.11% and a net margin of 22.53%. The business had revenue of $298.95 million for the quarter, compared to analyst estimates of $304.67 million. During the same quarter last year, the firm posted $0.26 EPS.
Several institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC lifted its holdings in shares of Umpqua by 2.1% in the first quarter. Mason Street Advisors LLC now owns 110,719 shares of the bank’s stock valued at $2,370,000 after buying an additional 2,229 shares during the period. Aperio Group LLC lifted its holdings in shares of Umpqua by 1.3% in the second quarter. Aperio Group LLC now owns 187,770 shares of the bank’s stock valued at $4,242,000 after buying an additional 2,436 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Umpqua by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 85,169 shares of the bank’s stock valued at $1,924,000 after buying an additional 2,477 shares during the period. Barclays PLC lifted its holdings in shares of Umpqua by 3.0% in the first quarter. Barclays PLC now owns 94,471 shares of the bank’s stock valued at $2,023,000 after buying an additional 2,726 shares during the period. Finally, Abbrea Capital LLC lifted its holdings in shares of Umpqua by 12.8% in the second quarter. Abbrea Capital LLC now owns 27,381 shares of the bank’s stock valued at $624,000 after buying an additional 3,110 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.21 dividend. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 4.33%. Umpqua’s dividend payout ratio is 78.50%.
Umpqua Company Profile
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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