Umpqua Holdings Corporation (UMPQ) Set to Announce Earnings on Wednesday
Umpqua Holdings Corporation (NASDAQ:UMPQ) is scheduled to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect Umpqua Holdings Corporation to post earnings of $0.29 per share for the quarter.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Umpqua Holdings Corporation had a return on equity of 5.92% and a net margin of 19.22%. The business had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $285.71 million. During the same period last year, the company posted $0.25 earnings per share. On average, analysts expect Umpqua Holdings Corporation to post $1.05 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 19.95 on Wednesday. The company’s 50-day moving average is $18.44 and its 200-day moving average is $18.05. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.03. The stock has a market capitalization of $4.39 billion, a PE ratio of 18.82 and a beta of 1.14.
The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 3.61%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 67.93%.
A number of research firms recently issued reports on UMPQ. Piper Jaffray Companies reiterated a “sell” rating and issued a $16.50 target price on shares of Umpqua Holdings Corporation in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. ValuEngine upgraded shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Stephens reiterated a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.64.
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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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