Umpqua Holdings Corporation (UMPQ) Expected to Post Earnings of $0.29 Per Share
Wall Street analysts predict that Umpqua Holdings Corporation (NASDAQ:UMPQ) will announce $0.29 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Umpqua Holdings Corporation’s earnings, with estimates ranging from $0.27 to $0.31. Umpqua Holdings Corporation posted earnings of $0.32 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.4%. The company is expected to announce its next earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that Umpqua Holdings Corporation will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.07. For the next financial year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Umpqua Holdings Corporation.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $285.71 million. Umpqua Holdings Corporation had a net margin of 19.22% and a return on equity of 5.92%. During the same quarter in the prior year, the business earned $0.25 EPS.
A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Umpqua Holdings Corporation in a research note on Tuesday, May 9th. ValuEngine downgraded Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research raised Umpqua Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Wedbush assumed coverage on Umpqua Holdings Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.17.
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Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) traded up 1.37% during trading on Tuesday, hitting $17.74. 179,104 shares of the stock were exchanged. Umpqua Holdings Corporation has a 12-month low of $14.77 and a 12-month high of $19.50. The stock has a 50-day moving average of $18.05 and a 200 day moving average of $18.00. The stock has a market cap of $3.91 billion, a P/E ratio of 16.74 and a beta of 1.11.
Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd increased its stake in shares of Umpqua Holdings Corporation by 56.8% in the second quarter. WINTON GROUP Ltd now owns 44,966 shares of the bank’s stock valued at $826,000 after buying an additional 16,291 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Umpqua Holdings Corporation by 0.7% in the second 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. Koch Industries Inc. bought a new stake in shares of Umpqua Holdings Corporation during the second quarter valued at approximately $460,000. Ameritas Investment Partners Inc. increased its stake in shares of Umpqua Holdings Corporation by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 85,408 shares of the bank’s stock valued at $1,568,000 after buying an additional 1,798 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Umpqua Holdings Corporation during the second quarter valued at approximately $269,000. 87.78% of the stock is owned by hedge funds and other institutional investors.
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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