Umpqua (UMPQ) Scheduled to Post Quarterly Earnings on Tuesday
Umpqua (NASDAQ:UMPQ) is set to issue its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, analysts expect Umpqua to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Umpqua (UMPQ) opened at $22.40 on Tuesday. Umpqua has a 12-month low of $16.65 and a 12-month high of $22.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. The firm has a market capitalization of $4,930.00, a PE ratio of 21.13, a PEG ratio of 1.95 and a beta of 1.14.
In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by insiders.
A number of research firms have recently weighed in on UMPQ. Zacks Investment Research raised Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research report on Friday. BidaskClub raised Umpqua from a “buy” rating to a “strong-buy” rating in a research report on Saturday. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays lifted their price objective on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Wedbush raised Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.39.
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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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