Umpqua Holdings Corp (NASDAQ:UMPQ) – Research analysts at Wedbush reduced their FY2018 earnings per share (EPS) estimates for Umpqua in a report released on Monday, according to Zacks Investment Research. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $1.35 for the year, down from their prior estimate of $1.46. Wedbush currently has a “Outperform” rating and a $25.00 price target on the stock. Wedbush also issued estimates for Umpqua’s Q4 2018 earnings at $0.36 EPS, FY2019 earnings at $1.57 EPS and FY2020 earnings at $1.76 EPS.
Umpqua (NASDAQ:UMPQ) last announced 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 return on equity of 5.92% and a net margin of 20.30%. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded Umpqua from a “strong-buy” rating to a “buy” rating in a report on Friday, January 19th. SunTrust Banks reiterated a “buy” rating and issued a $24.00 price objective on shares of Umpqua in a report on Wednesday, November 29th. Barclays increased their price objective on Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Umpqua currently has a consensus rating of “Hold” and an average price target of $21.80.
Shares of Umpqua (NASDAQ UMPQ) traded down $0.42 during mid-day trading on Tuesday, reaching $22.21. The company had a trading volume of 831,576 shares, compared to its average volume of 1,587,937. 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 stock has a market capitalization of $5,032.63, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08. Umpqua has a 12 month low of $16.65 and a 12 month high of $23.18.
Several large investors have recently modified their holdings of UMPQ. Alliancebernstein L.P. increased its holdings in shares of Umpqua by 655.7% during the fourth 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 in the last quarter. First Trust Advisors LP increased its holdings in Umpqua by 69.1% in the 4th quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock worth $54,205,000 after buying an additional 1,064,635 shares in the last quarter. Deutsche Bank AG increased its holdings in Umpqua by 245.0% in the 4th quarter. Deutsche Bank AG now owns 1,049,883 shares of the bank’s stock worth $21,835,000 after buying an additional 745,606 shares in the last quarter. American Century Companies Inc. bought a new stake in Umpqua in the 3rd quarter worth about $8,820,000. Finally, ClariVest Asset Management LLC increased its holdings in Umpqua by 446.8% in the 3rd quarter. ClariVest Asset Management LLC now owns 548,400 shares of the bank’s stock worth $10,699,000 after buying an additional 448,100 shares in the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.
In other news, CFO Ron L. Farnsworth sold 5,795 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the completion of the transaction, the chief financial officer now directly owns 188,809 shares in the company, valued at $4,049,953.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.
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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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