Umpqua (UMPQ) Scheduled to Post Quarterly Earnings on Wednesday

Umpqua (NASDAQ:UMPQGet Rating) is set to announce its earnings results after the market closes on Wednesday, April 20th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Umpqua (NASDAQ:UMPQGet Rating) last announced its quarterly earnings results on Wednesday, January 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The firm had revenue of $316.12 million for the quarter, compared to analyst estimates of $307.57 million. Umpqua had a return on equity of 15.40% and a net margin of 31.88%. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. On average, analysts expect Umpqua to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:UMPQ opened at $17.85 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $3.87 billion, a PE ratio of 9.30 and a beta of 1.00. The business’s 50 day moving average is $19.93. Umpqua has a fifty-two week low of $17.04 and a fifty-two week high of $22.06.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Tuesday, February 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.71%. Umpqua’s payout ratio is currently 43.75%.

In other news, CEO Cort L. O’haver sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $20.21, for a total value of $101,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ron L. Farnsworth sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $20.49, for a total value of $143,430.00. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Umpqua by 0.5% during the fourth quarter. BlackRock Inc. now owns 19,419,124 shares of the bank’s stock worth $373,625,000 after purchasing an additional 91,606 shares during the last quarter. Barclays PLC raised its holdings in Umpqua by 47.1% during the fourth quarter. Barclays PLC now owns 623,957 shares of the bank’s stock worth $12,005,000 after purchasing an additional 199,680 shares during the last quarter. Deutsche Bank AG increased its position in Umpqua by 272.2% during the 4th quarter. Deutsche Bank AG now owns 123,413 shares of the bank’s stock worth $2,374,000 after purchasing an additional 90,255 shares in the last quarter. Comerica Bank boosted its stake in shares of Umpqua by 1.7% during the 4th quarter. Comerica Bank now owns 102,224 shares of the bank’s stock worth $2,146,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Umpqua during the 4th quarter worth about $1,013,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on UMPQ. Zacks Investment Research cut shares of Umpqua from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 31st. Keefe, Bruyette & Woods began coverage on Umpqua in a research report on Friday, February 11th. They set a “market perform” rating on the stock. Wells Fargo & Company downgraded Umpqua from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $24.00 to $20.00 in a report on Tuesday, January 4th. Finally, StockNews.com began coverage on Umpqua in a report on Thursday, March 31st. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, Umpqua has a consensus rating of “Hold” and a consensus price target of $20.90.

Umpqua Company Profile (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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Earnings History for Umpqua (NASDAQ:UMPQ)

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