Analysts Issue Forecasts for Umpqua Holdings Corporation’s FY2017 Earnings (UMPQ)
Umpqua Holdings Corporation (NASDAQ:UMPQ) – Research analysts at DA Davidson lifted their FY2017 earnings estimates for shares of Umpqua Holdings Corporation in a research note issued to investors on Friday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $1.04 for the year, up from their prior forecast of $1.00. DA Davidson also issued estimates for Umpqua Holdings Corporation’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.40 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, July 25th. ValuEngine raised shares of Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. started coverage on shares of Umpqua Holdings Corporation in a research report on Friday, August 18th. They set a “buy” rating and a $20.00 price target on the stock. Barclays PLC increased their price target on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Umpqua Holdings Corporation in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Umpqua Holdings Corporation has a consensus rating of “Hold” and a consensus target price of $19.72.
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Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 20.57 on Monday. The firm’s 50-day moving average is $19.04 and its 200-day moving average is $18.19. Umpqua Holdings Corporation has a 52-week low of $14.77 and a 52-week high of $20.97. The stock has a market cap of $4.53 billion, a P/E ratio of 19.41 and a beta of 1.14.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same period last year, the business posted $0.28 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ffcm LLC grew its holdings in Umpqua Holdings Corporation by 150.1% in the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after buying an additional 3,657 shares during the period. Huntington National Bank grew its holdings in shares of Umpqua Holdings Corporation by 30.6% during the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after purchasing an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Umpqua Holdings Corporation by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Umpqua Holdings Corporation during the 2nd quarter worth about $203,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Umpqua Holdings Corporation during the 2nd quarter worth about $206,000. Institutional investors own 87.77% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is currently 67.93%.
About Umpqua Holdings Corporation
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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