Umpqua Holdings Corp (NASDAQ:UMPQ) – Equities researchers at Piper Jaffray Companies raised their FY2018 earnings per share estimates for Umpqua in a note issued to investors on Wednesday, November 21st. Piper Jaffray Companies analyst M. Clark now expects that the bank will earn $1.48 per share for the year, up from their previous forecast of $1.42. Piper Jaffray Companies has a “Neutral” rating and a $20.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Umpqua’s Q4 2018 earnings at $0.41 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.45 EPS and FY2019 earnings at $1.71 EPS.
A number of other equities analysts have also recently commented on UMPQ. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, November 22nd. Finally, ValuEngine cut shares of Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Umpqua has a consensus rating of “Hold” and an average price target of $23.85.
UMPQ stock opened at $19.49 on Monday. Umpqua has a 12 month low of $18.17 and a 12 month high of $24.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market cap of $4.23 billion, a P/E ratio of 18.21, a PEG ratio of 1.45 and a beta of 1.00.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. The firm had revenue of $313.76 million during the quarter, compared to analysts’ expectations of $309.37 million. During the same period in the previous year, the company earned $0.28 EPS.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Umpqua by 2.8% in the 3rd quarter. BlackRock Inc. now owns 19,411,233 shares of the bank’s stock valued at $403,755,000 after buying an additional 520,015 shares during the period. Millennium Management LLC boosted its position in Umpqua by 10.3% in the 2nd quarter. Millennium Management LLC now owns 6,623,228 shares of the bank’s stock valued at $149,619,000 after buying an additional 617,077 shares during the period. Alliancebernstein L.P. boosted its position in Umpqua by 22.7% in the 3rd quarter. Alliancebernstein L.P. now owns 6,439,882 shares of the bank’s stock valued at $133,950,000 after buying an additional 1,192,552 shares during the period. Macquarie Group Ltd. boosted its position in Umpqua by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 5,711,576 shares of the bank’s stock valued at $129,025,000 after buying an additional 14,549 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in Umpqua by 61.9% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 2,310,306 shares of the bank’s stock valued at $52,190,000 after buying an additional 883,556 shares during the period. 89.61% of the stock is owned by institutional investors.
Umpqua Company Profile
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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