Umpqua Holdings Corp. (UMPQ) Set to Announce Quarterly Earnings on Wednesday
Umpqua Holdings Corp. (NASDAQ:UMPQ) is scheduled to be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $293.03 million for the quarter.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 20th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Umpqua Holdings Corp. had a net margin of 18.90% and a return on equity of 6.77%. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, analysts expect Umpqua Holdings Corp. to post $1.07 EPS for the current fiscal year and $1.18 EPS for the next fiscal year.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 15.09 on Tuesday. Umpqua Holdings Corp. has a 52-week low of $13.46 and a 52-week high of $18.05. The firm’s 50-day moving average is $15.45 and its 200 day moving average is $15.57. The stock has a market cap of $3.32 billion, a P/E ratio of 14.96 and a beta of 1.28.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Wednesday, September 28th. Umpqua Holdings Corp.’s dividend payout ratio (DPR) is presently 62.75%.
A number of hedge funds have recently added to or reduced their stakes in UMPQ. Stevens Capital Management LP bought a new stake in Umpqua Holdings Corp. during the second quarter worth $158,000. Cubist Systematic Strategies LLC bought a new stake in Umpqua Holdings Corp. during the second quarter worth $214,000. Pacer Advisors Inc. bought a new stake in Umpqua Holdings Corp. during the second quarter worth $263,000. Advisor Group Inc. bought a new stake in Umpqua Holdings Corp. during the second quarter worth $264,000. Finally, Reliance Trust Co. of Delaware boosted its stake in Umpqua Holdings Corp. by 0.7% in the second quarter. Reliance Trust Co. of Delaware now owns 18,227 shares of the company’s stock worth $282,000 after buying an additional 126 shares during the last quarter. 91.80% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on UMPQ. Zacks Investment Research raised shares of Umpqua Holdings Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. raised shares of Umpqua Holdings Corp. from an “outperform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Thursday, August 25th. DA Davidson reissued a “buy” rating and set a $18.00 price target on shares of Umpqua Holdings Corp. in a research report on Tuesday, August 23rd. Wells Fargo & Co. cut shares of Umpqua Holdings Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 11th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Umpqua Holdings Corp. in a research report on Saturday, July 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.69.
Umpqua Holdings Corp. Company Profile
Umpqua Holdings Corporation is a financial 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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