Wall Street brokerages predict that Umpqua Holdings Corporation (NASDAQ:UMPQ) will report $295.49 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Umpqua’s earnings, with estimates ranging from $291.00 million to $300.47 million. Umpqua reported sales of $306.42 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The firm is expected to report its next quarterly earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Umpqua will report full year sales of $295.49 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.18 billion. For the next year, analysts expect that the company will post sales of $1.21 billion per share, with estimates ranging from $1.18 billion to $1.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the prior year, the company earned $0.28 earnings per share.
In other news, insider Raymond P. Davis sold 36,829 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Umpqua by 1.1% during the second quarter. Vanguard Group Inc. now owns 18,972,548 shares of the bank’s stock valued at $348,335,000 after purchasing an additional 205,163 shares during the last quarter. Capital World Investors increased its position in Umpqua by 6.6% in the 2nd 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 during the last quarter. Atlanta Capital Management Co. L L C increased its position in Umpqua by 12.8% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp increased its position in Umpqua by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,125,578 shares of the bank’s stock worth $112,464,000 after purchasing an additional 207,304 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Umpqua by 0.7% in the 3rd quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after purchasing an additional 38,047 shares during the last quarter. 88.26% of the stock is owned by institutional investors and hedge funds.
Umpqua (NASDAQ:UMPQ) opened at $22.12 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.31. The company has a market cap of $4,871.52, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. Umpqua has a one year low of $16.65 and a one year high of $22.42.
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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