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, Briefing.com 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%.
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.
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