Equities analysts forecast that Umpqua Holdings Corp (NASDAQ:UMPQ) will announce earnings per share of $0.39 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Umpqua’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.37. Umpqua posted earnings of $0.34 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 17th.
On average, analysts expect that Umpqua will report full year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.58. For the next fiscal year, analysts forecast that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.60 to $1.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Umpqua had a net margin of 23.20% and a return on equity of 7.91%. The firm had revenue of $283.43 million for the quarter, compared to analyst estimates of $301.29 million. During the same period in the previous year, the business posted $0.35 earnings per share.
A number of equities analysts recently commented on the company. Stephens set a $22.00 price objective on Home Bancshares and gave the stock a “buy” rating in a research note on Monday, April 22nd. DA Davidson reaffirmed a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday. Finally, BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research note on Saturday, June 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Umpqua has a consensus rating of “Hold” and a consensus target price of $22.44.
Hedge funds have recently made changes to their positions in the business. Financial Advocates Investment Management increased its stake in Umpqua by 45.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,001 shares in the last quarter. Pearl River Capital LLC grew its holdings in Umpqua by 1,434.7% during the first quarter. Pearl River Capital LLC now owns 4,604 shares of the bank’s stock worth $76,000 after buying an additional 4,304 shares in the last quarter. Buffington Mohr McNeal bought a new stake in Umpqua during the first quarter worth $87,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Umpqua during the first quarter worth $90,000. Finally, Smithfield Trust Co. bought a new stake in Umpqua during the first quarter worth $91,000. Institutional investors and hedge funds own 87.55% of the company’s stock.
Shares of UMPQ stock traded up $0.07 during mid-day trading on Thursday, reaching $16.71. 1,264,000 shares of the stock traded hands, compared to its average volume of 1,667,422. The business has a fifty day moving average price of $16.56. Umpqua has a 1-year low of $15.09 and a 1-year high of $23.39. The stock has a market capitalization of $3.76 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.84 annualized dividend and a dividend yield of 5.03%. Umpqua’s dividend payout ratio is 57.53%.
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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