Brokerages Anticipate Umpqua Holdings Corporation (UMPQ) to Announce $0.29 Earnings Per Share
Equities research analysts expect Umpqua Holdings Corporation (NASDAQ:UMPQ) to report earnings of $0.29 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Umpqua Holdings Corporation’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.27. Umpqua Holdings Corporation posted earnings per share of $0.32 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that Umpqua Holdings Corporation will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.07. For the next year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Umpqua Holdings Corporation.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The business had revenue of $283.20 million for the quarter, compared to analyst estimates of $285.71 million. Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. During the same period in the prior year, the company posted $0.25 earnings per share.
Several brokerages have recently weighed in on UMPQ. SunTrust Banks, Inc. assumed coverage on Umpqua Holdings Corporation in a research note on Friday, August 18th. They set a “buy” rating and a $20.00 target price for the company. BidaskClub downgraded Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Stephens reiterated a “hold” rating and issued a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.17.
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Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 18.17 on Friday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 17.14 and a beta of 1.12. The stock has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.90. Umpqua Holdings Corporation has a 12-month low of $14.78 and a 12-month high of $19.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.96%. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is 60.38%.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Umpqua Holdings Corporation by 17,820.5% in the first quarter. BlackRock Inc. now owns 24,403,536 shares of the bank’s stock worth $432,921,000 after purchasing an additional 24,267,359 shares in the last quarter. Vanguard Group Inc. grew its stake in Umpqua Holdings Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock worth $348,335,000 after purchasing an additional 205,163 shares in the last quarter. Capital World Investors grew its stake in Umpqua Holdings Corporation by 6.6% in the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock worth $280,418,000 after purchasing an additional 944,594 shares in the last quarter. State Street Corp grew its stake in Umpqua Holdings Corporation by 10.8% in the first quarter. State Street Corp now owns 13,280,067 shares of the bank’s stock worth $235,592,000 after purchasing an additional 1,294,031 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its stake in Umpqua Holdings Corporation by 12.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock worth $197,288,000 after purchasing an additional 1,219,722 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.
Umpqua Holdings Corporation 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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