Zacks: Analysts Anticipate Umpqua Holdings Corporation (UMPQ) Will Announce Quarterly Sales of $290.54 Million
Brokerages expect Umpqua Holdings Corporation (NASDAQ:UMPQ) to report $290.54 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Umpqua’s earnings. The lowest sales estimate is $284.60 million and the highest is $297.02 million. Umpqua posted sales of $266.95 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that Umpqua will report full year sales of $290.54 million for the current fiscal year, with estimates ranging from $1.19 billion to $1.23 billion. For the next financial year, analysts anticipate that the business will report sales of $1.27 billion per share, with estimates ranging from $1.24 billion to $1.31 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 released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The company had revenue of $292.60 million for the quarter, compared to the consensus estimate of $293.80 million. During the same period in the previous year, the firm earned $0.27 EPS. Umpqua’s revenue was down 4.5% on a year-over-year basis.
Umpqua (UMPQ) traded up $0.57 during mid-day trading on Friday, hitting $21.92. 1,689,030 shares of the company’s stock were exchanged, compared to its average volume of 1,686,906. Umpqua has a one year low of $16.65 and a one year high of $22.89. The company has a market cap of $4,717.79, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97.
The firm also recently announced a dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s payout ratio is currently 63.72%.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $21.45, for a total value of $124,302.75. Following the sale, the chief financial officer now directly owns 188,809 shares in the company, valued at approximately $4,049,953.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. QS Investors LLC increased its position in shares of Umpqua by 1.7% in the second quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock worth $862,000 after acquiring an additional 781 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Umpqua by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock worth $2,295,000 after acquiring an additional 820 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Umpqua by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 85,408 shares of the bank’s stock worth $1,568,000 after acquiring an additional 1,798 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Umpqua by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 178,104 shares of the bank’s stock worth $3,705,000 after acquiring an additional 2,384 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Umpqua by 1.8% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 139,141 shares of the bank’s stock worth $2,894,000 after acquiring an additional 2,423 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.
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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