Umpqua Holdings Co. (NASDAQ:UMPQ) Forecasted to Earn Q2 2022 Earnings of $0.41 Per Share

Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) – Research analysts at DA Davidson issued their Q2 2022 earnings per share (EPS) estimates for Umpqua in a research report issued on Friday, April 22nd. DA Davidson analyst J. Rulis expects that the bank will post earnings per share of $0.41 for the quarter.

A number of other equities research analysts also recently commented on UMPQ. Keefe, Bruyette & Woods initiated coverage on Umpqua in a research report on Friday, February 11th. They set a “market perform” rating for the company. StockNews.com assumed coverage on shares of Umpqua in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Umpqua from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 31st. Finally, Wells Fargo & Company downgraded 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 note on Tuesday, January 4th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.90.

Shares of NASDAQ:UMPQ opened at $18.44 on Monday. Umpqua has a one year low of $17.04 and a one year high of $22.06. The firm’s fifty day moving average is $19.65. The firm has a market cap of $3.99 billion, a P/E ratio of 9.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.93.

Umpqua (NASDAQ:UMPQGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The bank reported $0.42 earnings per share (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 analyst estimates of $296.38 million. Umpqua had a return on equity of 14.89% and a net margin of 31.34%. The business’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 company posted $0.49 EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, February 25th. Shareholders 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 4.56%. The ex-dividend date of this dividend was Monday, February 14th. Umpqua’s dividend payout ratio (DPR) is currently 45.41%.

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

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Umpqua by 66.1% during the third quarter. Allworth Financial LP now owns 2,030 shares of the bank’s stock valued at $41,000 after acquiring an additional 808 shares during the period. Covestor Ltd bought a new stake in Umpqua during the fourth quarter valued at about $50,000. Cascade Investment Advisors Inc. bought a new stake in Umpqua during the first quarter valued at about $57,000. Signaturefd LLC boosted its holdings in Umpqua by 109.6% during the third quarter. Signaturefd LLC now owns 3,628 shares of the bank’s stock valued at $73,000 after acquiring an additional 1,897 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Umpqua by 16.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 4,454 shares of the bank’s stock valued at $86,000 after acquiring an additional 631 shares during the period. Institutional investors own 95.11% of the company’s stock.

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 and Estimates for Umpqua (NASDAQ:UMPQ)

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