Wall Street brokerages expect Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) to post sales of $307.43 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Umpqua’s earnings, with the lowest sales estimate coming in at $306.00 million and the highest estimate coming in at $308.30 million. Umpqua reported sales of $320.84 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Umpqua will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $1.57 billion to $1.58 billion. For the next financial year, analysts anticipate that the company will post sales of $2.04 billion, with estimates ranging from $1.99 billion to $2.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Umpqua.
Umpqua (NASDAQ:UMPQ – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company 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 company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share.
In other news, CEO Cort L. O’haver sold 5,000 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $20.21, for a total transaction of $101,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ron L. Farnsworth sold 7,000 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $20.49, for a total transaction 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 have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in Umpqua by 368.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,650,109 shares of the bank’s stock worth $33,415,000 after purchasing an additional 1,298,211 shares during the last quarter. Credit Suisse AG boosted its position in Umpqua by 2.3% in the third quarter. Credit Suisse AG now owns 226,343 shares of the bank’s stock worth $4,583,000 after purchasing an additional 5,003 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Umpqua by 6.7% in the third quarter. UBS Asset Management Americas Inc. now owns 349,321 shares of the bank’s stock worth $7,074,000 after purchasing an additional 21,971 shares during the last quarter. Yousif Capital Management LLC purchased a new position in Umpqua in the fourth quarter worth $2,233,000. Finally, Versor Investments LP purchased a new position in Umpqua in the third quarter worth $221,000. Institutional investors and hedge funds own 95.11% of the company’s stock.
Shares of NASDAQ:UMPQ opened at $18.44 on Friday. The company has a fifty day moving average of $19.65 and a 200-day moving average of $20.06. The company has a market capitalization of $3.99 billion, a PE ratio of 9.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 0.94. Umpqua has a 52-week low of $17.04 and a 52-week high of $22.06.
The company also recently declared a quarterly dividend, which was paid on Friday, February 25th. Shareholders 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 yield of 4.56%. Umpqua’s dividend payout ratio (DPR) is currently 43.75%.
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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