Wall Street brokerages expect that Umpqua Holdings Corporation (NASDAQ:UMPQ) will post $296.92 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Umpqua Holdings Corporation’s earnings. The highest sales estimate is $300.00 million and the lowest is $289.24 million. Umpqua Holdings Corporation posted sales of $290.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The firm is expected to issue its next earnings results on Wednesday, October 18th.
According to Zacks, analysts expect that Umpqua Holdings Corporation will report full year sales of $296.92 million for the current year, with estimates ranging from $1.12 billion to $1.16 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.22 billion per share, with estimates ranging from $1.20 billion to $1.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Umpqua Holdings Corporation.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. The business had revenue of $283.20 million during the quarter, compared to the consensus estimate of $285.71 million. During the same period in the prior year, the company posted $0.25 earnings per share.
A number of research firms recently weighed in on UMPQ. BidaskClub lowered Umpqua Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Keefe, Bruyette & Woods set a $20.00 target price on Umpqua Holdings Corporation and gave the stock a “hold” rating in a report on Thursday, June 8th. Stephens reissued a “hold” rating on shares of Umpqua Holdings Corporation in a report on Wednesday, April 19th. Finally, ValuEngine lowered Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.86.
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Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) opened at 17.30 on Friday. The stock has a 50 day moving average price of $18.47 and a 200 day moving average price of $18.09. The company has a market capitalization of $3.81 billion, a PE ratio of 16.32 and a beta of 1.11. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.64 annualized dividend and a yield of 3.70%. Umpqua Holdings Corporation’s dividend payout ratio (DPR) is presently 60.38%.
Hedge funds have recently added to or reduced their stakes in the stock. Ffcm LLC increased its stake in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after buying an additional 3,657 shares during the period. Tyers Asset Management LLC increased its stake in Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock valued at $118,000 after buying an additional 1,424 shares during the period. Huntington National Bank increased its stake in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after buying an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after buying an additional 632 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock valued at $139,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 87.64% of the company’s stock.
Umpqua Holdings Corporation 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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