Umpqua (UMPQ) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Umpqua (NASDAQ:UMPQ) announced its quarterly earnings results on Tuesday. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.09, reports. The company had revenue of $292.60 million during the quarter, compared to the consensus estimate of $293.80 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.

Shares of Umpqua (UMPQ) traded down $0.18 during trading on Tuesday, hitting $22.11. 1,905,578 shares of the company traded hands, compared to its average volume of 1,483,160. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua has a one year low of $16.65 and a one year high of $22.86. The company has a market capitalization of $4,870.00, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14.

The firm also recently disclosed a dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s dividend payout ratio is 67.92%.

In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Several research analysts have recently issued reports on UMPQ shares. Wedbush upgraded shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Thursday, January 4th. Wells Fargo & Co upped their price target on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target on shares of Umpqua in a report on Monday, October 16th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $23.00 price objective on shares of Umpqua in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Umpqua presently has a consensus rating of “Buy” and an average price target of $21.39.

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Umpqua Company Profile

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 for Umpqua (NASDAQ:UMPQ)

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