Zacks: Brokerages Expect Umpqua Holdings Co. (NASDAQ:UMPQ) to Announce $0.42 Earnings Per Share

Brokerages expect that Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) will post $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Umpqua’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.43. Umpqua reported earnings of $0.53 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 20.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Umpqua will report full year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.79. For the next fiscal year, analysts forecast that the business will post earnings of $2.06 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Umpqua.

Umpqua (NASDAQ:UMPQGet Rating) last posted its earnings results on Wednesday, April 20th. The bank reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $308.73 million during the quarter, compared to the consensus estimate of $296.38 million. Umpqua had a net margin of 31.88% and a return on equity of 15.40%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS.

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

In other news, CEO Cort L. O’haver sold 5,000 shares of the company’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 transaction of $101,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ron L. Farnsworth sold 7,000 shares of the 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 institutional investors and hedge funds have recently added to or reduced their stakes in UMPQ. Inspire Investing LLC bought a new position in Umpqua during the first quarter valued at $238,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Umpqua by 23.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,278 shares of the bank’s stock valued at $665,000 after purchasing an additional 6,672 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Umpqua by 1.9% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 55,611 shares of the bank’s stock worth $1,049,000 after purchasing an additional 1,040 shares during the period. Cascade Investment Advisors Inc. bought a new stake in Umpqua in the first quarter worth about $57,000. Finally, Nordea Investment Management AB boosted its position in shares of Umpqua by 1.3% during the first quarter. Nordea Investment Management AB now owns 305,521 shares of the bank’s stock valued at $5,915,000 after buying an additional 3,901 shares during the period. Institutional investors own 95.11% of the company’s stock.

Umpqua stock traded down $0.07 during mid-day trading on Thursday, reaching $18.46. 742,845 shares of the stock traded hands, compared to its average volume of 1,522,977. Umpqua has a 12-month low of $17.04 and a 12-month high of $22.06. The business’s 50-day moving average is $19.76 and its 200-day moving average is $20.09. 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 capitalization of $4.00 billion, a PE ratio of 9.61 and a beta of 1.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Tuesday, February 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 14th. Umpqua’s dividend payout ratio (DPR) is presently 43.75%.

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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