Umpqua (UMPQ) Set to Announce Earnings on Tuesday
Umpqua (NASDAQ:UMPQ) is scheduled to be releasing its earnings data after the market closes on Tuesday, January 23rd. Analysts expect Umpqua to post earnings of $0.29 per share for the quarter.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, analysts expect Umpqua to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Umpqua (NASDAQ UMPQ) opened at $22.37 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market cap of $4,853.91, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.14. Umpqua has a one year low of $16.65 and a one year high of $22.86.
The company also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 28th. Umpqua’s payout ratio is 67.93%.
Several analysts have recently weighed in on UMPQ shares. BidaskClub upgraded Umpqua from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, January 12th. SunTrust Banks reiterated a “buy” rating and set a $24.00 target price on shares of Umpqua in a research report on Wednesday, November 29th. Wedbush upgraded Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Thursday, January 4th. Finally, Barclays lifted their target price on Umpqua from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Umpqua currently has a consensus rating of “Buy” and a consensus price target of $21.39.
In other news, insider Raymond P. Davis sold 36,829 shares of Umpqua stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently 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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