Umpqua Holdings Corporation (NASDAQ:UMPQ) – Investment analysts at Wedbush decreased their FY2017 earnings per share estimates for shares of Umpqua Holdings Corporation in a research note issued to investors on Friday. Wedbush analyst D. Chiaverini now expects that the bank will earn $1.02 per share for the year, down from their prior estimate of $1.04. Wedbush currently has a “Neutral” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Umpqua Holdings Corporation’s Q4 2017 earnings at $0.28 EPS and FY2018 earnings at $1.20 EPS.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same quarter in the previous year, the firm posted $0.28 EPS. COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/23/fy2017-eps-estimates-for-umpqua-holdings-corporation-cut-by-analyst-umpq.html.

UMPQ has been the topic of several other reports. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. ValuEngine raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Barclays PLC upped their target price on Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Umpqua Holdings Corporation currently has an average rating of “Hold” and a consensus target price of $19.72.

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 20.57 on Monday. Umpqua Holdings Corporation has a one year low of $14.77 and a one year high of $20.97. The stock’s 50 day moving average price is $19.04 and its 200-day moving average price is $18.19. The stock has a market cap of $4.53 billion, a PE ratio of 19.41 and a beta of 1.14.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a $0.18 dividend. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, September 28th. Umpqua Holdings Corporation’s dividend payout ratio is presently 67.93%.

Hedge funds have recently modified their holdings of the business. Ngam Advisors L.P. increased its holdings in shares of Umpqua Holdings Corporation by 0.7% during the 1st quarter. Ngam Advisors L.P. now owns 21,280 shares of the bank’s stock valued at $378,000 after acquiring an additional 155 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Umpqua Holdings Corporation by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,684 shares of the bank’s stock valued at $325,000 after acquiring an additional 261 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Umpqua Holdings Corporation by 2.1% during the 2nd quarter. World Asset Management Inc now owns 13,948 shares of the bank’s stock valued at $256,000 after acquiring an additional 290 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Umpqua Holdings Corporation by 1.3% during the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after acquiring an additional 390 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Umpqua Holdings Corporation by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 124,181 shares of the bank’s stock valued at $2,203,000 after acquiring an additional 441 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Umpqua Holdings Corporation (NASDAQ:UMPQ)

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