Analysts Expect Umpqua Holdings Corporation (UMPQ) to Announce $0.29 Earnings Per Share
Analysts predict that Umpqua Holdings Corporation (NASDAQ:UMPQ) will announce $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Umpqua’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. Umpqua posted earnings of $0.31 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.5%. The firm is expected to report its next earnings results on Wednesday, January 24th.
On average, analysts expect that Umpqua will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.01 to $1.07. For the next fiscal year, analysts expect that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.27. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Umpqua had a return on equity of 5.79% and a net margin of 19.04%. The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same period in the previous year, the firm posted $0.28 earnings per share.
A number of analysts have recently issued reports on the company. SunTrust Banks reaffirmed a “buy” rating and set a $24.00 target price on shares of Umpqua in a research report on Wednesday, November 29th. Barclays boosted their price objective on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Wells Fargo & Company boosted their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods raised Umpqua from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $16.50 price objective on shares of Umpqua in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Umpqua currently has an average rating of “Hold” and an average target price of $20.17.
In other news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.
Large investors have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new position in shares of Umpqua in the second quarter valued at $203,000. Brookstone Capital Management acquired a new stake in Umpqua during the 2nd quarter valued at $285,000. FMR LLC raised its stake in Umpqua by 23.8% during the 2nd quarter. FMR LLC now owns 684,900 shares of the bank’s stock valued at $12,575,000 after purchasing an additional 131,600 shares during the period. Legal & General Group Plc raised its stake in Umpqua by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 31,336 shares during the period. Finally, SG Americas Securities LLC raised its stake in Umpqua by 59.1% during the 2nd quarter. SG Americas Securities LLC now owns 81,300 shares of the bank’s stock valued at $1,493,000 after purchasing an additional 30,198 shares during the period. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Umpqua (NASDAQ:UMPQ) traded up $0.47 during midday trading on Friday, hitting $22.59. The stock had a trading volume of 2,458,100 shares, compared to its average volume of 1,509,103. Umpqua has a twelve month low of $16.65 and a twelve month high of $22.86. The stock has a market capitalization of $4,871.52, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98.
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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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