$0.33 EPS Expected for Umpqua Holdings Co. (UMPQ) This Quarter

Wall Street analysts predict that Umpqua Holdings Co. (NASDAQ:UMPQ) will announce earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Umpqua’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.32. Umpqua posted earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 26.9%. The firm is expected to report its next earnings results on Wednesday, July 18th.

On average, analysts expect that Umpqua will report full year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.43. For the next fiscal year, analysts expect that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.50 to $1.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Umpqua.

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Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, April 18th. The bank reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The firm had revenue of $301.80 million for the quarter, compared to the consensus estimate of $289.28 million. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. During the same quarter in the previous year, the business earned $0.21 EPS.

A number of equities research analysts recently commented on UMPQ shares. Hovde Group reaffirmed a “hold” rating and issued a $22.50 price target on shares of Umpqua in a report on Tuesday, February 6th. Barclays lifted their price target on shares of Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Friday, January 12th. Stephens reaffirmed a “hold” rating and issued a $24.00 price target on shares of Umpqua in a report on Tuesday, March 20th. Finally, ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.09.

In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in Umpqua by 7.3% during the 4th quarter. Macquarie Group Ltd. now owns 5,884,775 shares of the bank’s stock valued at $122,403,000 after acquiring an additional 401,437 shares during the period. Alliancebernstein L.P. raised its holdings in Umpqua by 655.7% during the 4th quarter. Alliancebernstein L.P. now owns 4,282,897 shares of the bank’s stock valued at $89,084,000 after acquiring an additional 3,716,144 shares during the period. First Trust Advisors LP raised its holdings in Umpqua by 69.1% during the 4th quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock valued at $54,205,000 after acquiring an additional 1,064,635 shares during the period. Glenmede Trust Co. NA raised its holdings in Umpqua by 23.6% during the 4th quarter. Glenmede Trust Co. NA now owns 1,804,482 shares of the bank’s stock valued at $37,533,000 after acquiring an additional 344,158 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Umpqua by 5.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock valued at $36,260,000 after acquiring an additional 85,687 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:UMPQ opened at $23.07 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4,792.35, a P/E ratio of 21.56, a P/E/G ratio of 1.89 and a beta of 1.03. Umpqua has a 12 month low of $16.76 and a 12 month high of $23.21.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, April 2nd were issued a dividend of $0.20 per share. This is a boost from Umpqua’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.47%. Umpqua’s payout ratio is presently 74.77%.

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About Umpqua

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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