Umpqua (NASDAQ:UMPQ) is set to post its quarterly earnings results after the market closes on Tuesday, January 23rd. Analysts expect Umpqua to post earnings of $0.29 per share for the quarter.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $295.87 million for the quarter, compared to the consensus estimate of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the previous year, the business earned $0.28 EPS. On average, analysts expect Umpqua to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Umpqua (NASDAQ:UMPQ) opened at $22.37 on Friday. The stock has a market cap of $4,853.91, a P/E ratio of 21.10, a PEG ratio of 1.91 and a beta of 1.14. 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 1 year low of $16.65 and a 1 year high of $22.86.
Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Barclays raised their target price on shares of Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Wedbush raised shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Thursday, January 4th. One investment 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. The company currently has a consensus rating of “Buy” and a consensus target price of $21.39.
In related news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.
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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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