Umpqua Holdings Corporation (NASDAQ:UMPQ) – Equities researchers at SunTrust Banks increased their FY2017 earnings estimates for Umpqua in a note issued to investors on Monday. SunTrust Banks analyst M. Young now anticipates that the bank will post earnings per share of $1.04 for the year, up from their prior estimate of $1.03. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for Umpqua’s Q1 2018 earnings at $0.32 EPS and Q2 2018 earnings at $0.36 EPS.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the business earned $0.28 earnings per share.

A number of other equities research analysts have also recently commented on UMPQ. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Piper Jaffray Companies restated a “sell” rating and set a $16.50 price objective on shares of Umpqua in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Umpqua in a research report on Monday, October 16th. Wells Fargo & Co raised their price objective on shares of Umpqua from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, Barclays raised their price objective on shares of Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Umpqua has a consensus rating of “Hold” and an average target price of $20.94.

Shares of Umpqua (NASDAQ UMPQ) opened at $21.40 on Tuesday. The company has a market cap of $4,682.13, a PE ratio of 20.19, a PEG ratio of 2.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96. Umpqua has a 12-month low of $16.65 and a 12-month high of $22.86.

The company also recently declared a dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 28th. Umpqua’s dividend payout ratio is currently 67.93%.

In related news, insider Raymond P. Davis sold 36,829 shares of Umpqua stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank increased its stake in Umpqua by 1.3% in the 2nd quarter. Amalgamated Bank now owns 31,429 shares of the bank’s stock valued at $577,000 after buying an additional 390 shares during the period. Advisor Group Inc. increased its stake in Umpqua by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 22,127 shares of the bank’s stock valued at $387,000 after buying an additional 523 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua by 8.8% in the 2nd 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. QS Investors LLC increased its stake in Umpqua by 1.7% in the 2nd quarter. QS Investors LLC now owns 46,938 shares of the bank’s stock valued at $862,000 after buying an additional 781 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Umpqua by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 125,001 shares of the bank’s stock valued at $2,295,000 after buying an additional 820 shares during the period. 88.15% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/umpqua-holdings-corporation-to-post-fy2017-earnings-of-1-04-per-share-suntrust-banks-forecasts-umpq/1799613.html.

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.

Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with Analyst Ratings Network's FREE daily email newsletter.