Equities analysts expect that Umpqua Holdings Corp (NASDAQ:UMPQ) will announce $309.70 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Umpqua’s earnings. The highest sales estimate is $312.97 million and the lowest is $305.00 million. Umpqua reported sales of $295.87 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The company is expected to announce its next quarterly earnings results on Wednesday, October 17th.
On average, analysts expect that Umpqua will report full-year sales of $1.22 billion for the current financial year, with estimates ranging from $1.20 billion to $1.23 billion. For the next year, analysts anticipate that the business will post sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.29 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Umpqua.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, July 18th. The bank reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). Umpqua had a return on equity of 7.11% and a net margin of 22.53%. The firm had revenue of $298.95 million for the quarter, compared to the consensus estimate of $304.67 million. During the same period last year, the company posted $0.26 EPS.
A number of brokerages have recently weighed in on UMPQ. Piper Jaffray Companies set a $20.00 price target on shares of Umpqua and gave the stock a “sell” rating in a report on Thursday, August 2nd. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. ValuEngine downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Barclays dropped their price objective on shares of Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Umpqua presently has a consensus rating of “Hold” and a consensus price target of $24.25.
Large investors have recently modified their holdings of the stock. Millennium Management LLC increased its position in Umpqua by 135.4% in the 1st quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock valued at $128,592,000 after acquiring an additional 3,455,114 shares during the period. Miller Howard Investments Inc. NY acquired a new position in Umpqua in the 2nd quarter valued at approximately $26,307,000. Carillon Tower Advisers Inc. acquired a new position in Umpqua in the 1st quarter valued at approximately $23,435,000. Mainstay Capital Management LLC ADV increased its position in Umpqua by 964.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,098,174 shares of the bank’s stock valued at $47,583,000 after acquiring an additional 994,958 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in Umpqua by 61.9% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 2,310,306 shares of the bank’s stock valued at $52,190,000 after acquiring an additional 883,556 shares during the period. 88.89% of the stock is owned by institutional investors and hedge funds.
Shares of Umpqua stock traded up $0.13 on Wednesday, reaching $21.66. 994,639 shares of the stock were exchanged, compared to its average volume of 1,197,240. Umpqua has a one year low of $16.91 and a one year high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.74 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.
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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