Umpqua Holdings Corporation (NASDAQ:UMPQ) – Wedbush raised their Q1 2018 earnings estimates for shares of Umpqua in a research note issued on Thursday. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.26. Wedbush currently has a “Outperform” rating and a $25.00 target price on the stock. Wedbush also issued estimates for Umpqua’s Q2 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.40 EPS and FY2019 earnings at $1.65 EPS.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million during the quarter, compared to the consensus estimate of $297.51 million. During the same period in the prior year, the firm posted $0.28 EPS.
Umpqua (UMPQ) traded up $0.16 on Friday, hitting $20.97. The stock had a trading volume of 2,056,700 shares, compared to its average volume of 1,657,733. Umpqua has a 12 month low of $16.65 and a 12 month high of $22.86. 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 $4,583.02, a P/E ratio of 19.78, a PEG ratio of 2.00 and a beta of 1.14.
Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC raised its position in Umpqua by 591.2% during the second quarter. Citadel Advisors LLC now owns 2,650,601 shares of the bank’s stock valued at $48,665,000 after buying an additional 2,267,129 shares during the period. Janus Henderson Group PLC acquired a new position in Umpqua during the second quarter valued at $38,607,000. Balyasny Asset Management LLC raised its position in Umpqua by 1,072.4% during the second quarter. Balyasny Asset Management LLC now owns 1,904,913 shares of the bank’s stock valued at $34,974,000 after buying an additional 1,742,435 shares during the period. Atlanta Capital Management Co. L L C raised its position in Umpqua by 12.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 10,745,502 shares of the bank’s stock valued at $197,288,000 after buying an additional 1,219,722 shares during the period. Finally, Capital World Investors raised its position in Umpqua by 6.6% during the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after buying an additional 944,594 shares during the period. 88.15% of the stock is currently owned by institutional investors.
In other news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is owned by insiders.
The business also recently announced a dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is presently 67.93%.
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.
Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.