$0.39 Earnings Per Share Expected for Umpqua Holdings Corp (UMPQ) This Quarter

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Equities research analysts expect that Umpqua Holdings Corp (NASDAQ:UMPQ) will announce earnings per share of $0.39 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Umpqua’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.37. Umpqua reported earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The firm is expected to report its next earnings report on Wednesday, April 17th.

On average, analysts expect that Umpqua will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.71. For the next financial year, analysts forecast that the firm will post earnings of $1.81 per share, with EPS estimates ranging from $1.78 to $1.85. Zacks’ EPS averages are an average based on a survey of analysts that cover Umpqua.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $306.36 million. Umpqua had a return on equity of 8.05% and a net margin of 23.51%. During the same period in the previous year, the business posted $0.28 EPS.

A number of brokerages recently weighed in on UMPQ. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Raymond James lowered their price target on shares of Umpqua from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 19th. BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. ValuEngine lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, Piper Jaffray Companies raised shares of Umpqua from an “underweight” rating to a “neutral” rating and set a $20.00 price target for the company in a report on Wednesday, November 21st. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMPQ. FMR LLC purchased a new stake in shares of Umpqua during the second quarter worth about $4,247,000. Advisors Asset Management Inc. grew its stake in shares of Umpqua by 55.8% during the second quarter. Advisors Asset Management Inc. now owns 67,588 shares of the bank’s stock worth $1,527,000 after acquiring an additional 24,196 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Umpqua during the third quarter worth about $173,000. Clinton Group Inc. purchased a new stake in shares of Umpqua during the third quarter worth about $294,000. Finally, Scout Investments Inc. grew its stake in shares of Umpqua by 14.5% during the third quarter. Scout Investments Inc. now owns 1,820,413 shares of the bank’s stock worth $37,865,000 after acquiring an additional 230,055 shares during the last quarter. 89.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Umpqua stock opened at $17.68 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $3.91 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.18 and a beta of 1.07. Umpqua has a fifty-two week low of $15.09 and a fifty-two week high of $24.89.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Friday, December 28th. Umpqua’s dividend payout ratio is presently 57.53%.

Umpqua Company Profile

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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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