Equities analysts expect Umpqua Holdings Co. (NASDAQ:UMPQ) to post earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Umpqua’s earnings, with estimates ranging from $0.31 to $0.37. Umpqua posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 30.8%. The firm is scheduled to announce its next earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that Umpqua will report full-year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.50. For the next year, analysts anticipate that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.60 to $1.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, April 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.07. Umpqua had a net margin of 22.15% and a return on equity of 6.68%. The company had revenue of $301.80 million during the quarter, compared to the consensus estimate of $289.28 million. During the same period in the previous year, the firm earned $0.21 earnings per share.
A number of research analysts have recently commented on UMPQ shares. BidaskClub cut shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. reduced their target price on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Hovde Group reissued a “hold” rating and set a $22.50 target price on shares of Umpqua in a research report on Tuesday, February 6th. Finally, Zacks Investment Research cut shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.88.
NASDAQ UMPQ opened at $23.88 on Tuesday. Umpqua has a 52 week low of $16.76 and a 52 week high of $24.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $5.28 billion, a PE ratio of 19.66, a PEG ratio of 1.86 and a beta of 1.04.
A number of institutional investors and hedge funds have recently bought and sold shares of UMPQ. Advisory Services Network LLC raised its holdings in Umpqua by 654.2% in the fourth quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock valued at $180,000 after acquiring an additional 7,497 shares in the last quarter. Calton & Associates Inc. acquired a new stake in Umpqua in the fourth quarter valued at $195,000. First Republic Investment Management Inc. acquired a new stake in Umpqua in the fourth quarter valued at $210,000. Stifel Financial Corp acquired a new stake in Umpqua in the first quarter valued at $216,000. Finally, GW&K Investment Management LLC acquired a new stake in Umpqua in the first quarter valued at $239,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
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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