Analysts forecast that Umpqua Holdings Corp (NASDAQ:UMPQ) will report sales of $315.25 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Umpqua’s earnings. The lowest sales estimate is $311.50 million and the highest is $319.00 million. Umpqua reported sales of $317.49 million in the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The company is expected to issue its next quarterly earnings report on Wednesday, October 21st.
According to Zacks, analysts expect that Umpqua will report full-year sales of $1.20 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The firm had revenue of $327.98 million for the quarter, compared to analyst estimates of $306.55 million. Umpqua had a net margin of 13.68% and a return on equity of 5.65%.
Several research analysts have issued reports on the stock. SunTrust Banks restated a “buy” rating and issued a $13.00 price target on shares of Umpqua in a research report on Sunday, June 14th. Zacks Investment Research cut shares of Umpqua from a “hold” rating to a “sell” rating in a research report on Thursday, August 20th. BidaskClub upgraded shares of Umpqua from a “strong sell” rating to a “sell” rating in a research report on Friday, September 4th. Stephens reiterated an “overweight” rating and set a $15.00 price objective on shares of Umpqua in a research report on Sunday, June 14th. Finally, Piper Sandler began coverage on shares of Umpqua in a research report on Friday, June 19th. They set a “hold” rating and a $12.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.17.
Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in shares of Umpqua by 9.1% during the 1st quarter. State Street Corp now owns 7,869,311 shares of the bank’s stock valued at $87,430,000 after buying an additional 658,367 shares during the period. Duality Advisers LP acquired a new stake in shares of Umpqua in the 2nd quarter valued at $750,000. Geode Capital Management LLC lifted its stake in shares of Umpqua by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 2,820,869 shares of the bank’s stock valued at $30,747,000 after purchasing an additional 171,813 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Umpqua in the 1st quarter valued at $139,000. Finally, State of Michigan Retirement System lifted its stake in shares of Umpqua by 31.2% in the 2nd quarter. State of Michigan Retirement System now owns 80,155 shares of the bank’s stock valued at $853,000 after purchasing an additional 19,055 shares during the last quarter. 86.15% of the stock is owned by institutional investors.
Umpqua stock opened at $11.30 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.98 and a current ratio of 1.00. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 12.99 and a beta of 1.23. Umpqua has a 1 year low of $8.88 and a 1 year high of $18.94. The firm’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $11.33.
The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 20th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend was Wednesday, August 19th. Umpqua’s dividend payout ratio (DPR) is currently 52.50%.
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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