Zacks: Analysts Anticipate Umpqua Holdings Co. (NASDAQ:UMPQ) to Post $0.40 Earnings Per Share

Equities research analysts forecast that Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) will announce $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Umpqua’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.41. Umpqua reported earnings per share of $0.53 during the same quarter last year, which would suggest a negative year-over-year growth rate of 24.5%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Umpqua will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.75. For the next year, analysts anticipate that the company will post earnings of $2.06 per share, with EPS estimates ranging from $1.95 to $2.14. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Umpqua.

Umpqua (NASDAQ:UMPQGet Rating) last posted its earnings results on Wednesday, April 20th. The bank reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $308.73 million for the quarter, compared to analyst estimates of $296.38 million. Umpqua had a return on equity of 14.89% and a net margin of 31.34%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.

Several research firms recently issued reports on UMPQ. StockNews.com began coverage on Umpqua in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Keefe, Bruyette & Woods began coverage on Umpqua in a research note on Friday, February 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research downgraded Umpqua from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 31st. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.90.

In related news, insider Torran B. Nixon sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $17.67, for a total transaction of $88,350.00. Following the completion of the sale, the insider now directly owns 216,033 shares in the company, valued at approximately $3,817,303.11. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Luis Machuca acquired 7,600 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were acquired at an average price of $17.29 per share, with a total value of $131,404.00. Following the completion of the transaction, the director now owns 70,718 shares in the company, valued at $1,222,714.22. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. MUFG Americas Holdings Corp acquired a new position in Umpqua in the 1st quarter worth about $40,000. Lazard Asset Management LLC increased its holdings in Umpqua by 138.7% in the 1st quarter. Lazard Asset Management LLC now owns 2,461 shares of the bank’s stock worth $46,000 after purchasing an additional 1,430 shares in the last quarter. Covestor Ltd acquired a new position in Umpqua in the 4th quarter worth about $50,000. Cascade Investment Advisors Inc. acquired a new position in Umpqua in the 1st quarter worth about $57,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Umpqua by 16.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,454 shares of the bank’s stock worth $86,000 after purchasing an additional 631 shares in the last quarter. Institutional investors and hedge funds own 87.58% of the company’s stock.

UMPQ opened at $17.68 on Thursday. The business has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $19.30. The company has a market capitalization of $3.84 billion, a PE ratio of 9.56 and a beta of 1.02. Umpqua has a 1 year low of $16.34 and a 1 year high of $22.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.93.

The business also recently announced a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.75%. Umpqua’s payout ratio is 45.41%.

About Umpqua (Get Rating)

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. 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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