Umpqua Holdings Corporation (NASDAQ:UMPQ) – Stock analysts at SunTrust Banks reduced their Q1 2018 earnings per share (EPS) estimates for Umpqua in a report issued on Wednesday. SunTrust Banks analyst M. Young now expects that the bank will earn $0.25 per share for the quarter, down from their previous forecast of $0.32. SunTrust Banks currently has a “Buy” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Umpqua’s Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.33 EPS and FY2019 earnings at $1.69 EPS.
Several other analysts have also recently commented on UMPQ. BidaskClub cut shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Barclays upped their target price on shares of Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Finally, ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.55.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The firm had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. During the same quarter in the previous year, the company posted $0.27 EPS. Umpqua’s revenue was down 4.5% on a year-over-year basis.
The company also recently declared a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is 64.29%.
Several hedge funds have recently made changes to their positions in UMPQ. Janus Henderson Group PLC acquired a new position in shares of Umpqua in the 2nd quarter valued at $38,607,000. Atlanta Capital Management Co. L L C grew its holdings in shares of 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 valued at $197,288,000 after buying an additional 1,219,722 shares during the period. Capital World Investors grew its holdings in shares of Umpqua by 6.6% in the 2nd 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. Macquarie Group Ltd. grew its holdings in shares of Umpqua by 12.2% in the 2nd quarter. Macquarie Group Ltd. now owns 5,445,291 shares of the bank’s stock valued at $99,976,000 after buying an additional 593,986 shares during the period. Finally, Koch Industries Inc. acquired a new position in shares of Umpqua in the 2nd quarter valued at $460,000. 88.18% of the stock is owned by institutional investors.
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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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