SunTrust Banks Analysts Reduce Earnings Estimates for Umpqua Holdings Corporation (UMPQ)

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.

Shares of Umpqua (UMPQ) opened at $21.58 on Monday. The company has a market cap of $4,730.00, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. Umpqua has a 1 year low of $16.65 and a 1 year high of $22.89. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29.

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.

Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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