Wall Street analysts forecast that Umpqua Holdings Co. (NASDAQ:UMPQ – Get Rating) will announce sales of $297.37 million for the current quarter, Zacks reports. Three analysts have provided estimates for Umpqua’s earnings. The highest sales estimate is $300.00 million and the lowest is $292.40 million. Umpqua posted sales of $320.84 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.3%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Umpqua will report full year sales of $1.58 billion for the current financial year, with estimates ranging from $1.57 billion to $1.59 billion. For the next financial year, analysts expect that the business will post sales of $2.04 billion, with estimates ranging from $1.98 billion to $2.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Umpqua had a return on equity of 14.89% and a net margin of 31.34%. The firm had revenue of $308.73 million during the quarter, compared to analyst estimates of $296.38 million. During the same quarter in the previous year, the business earned $0.49 EPS. Umpqua’s revenue for the quarter was down 6.5% compared to the same quarter last year.
In related news, CFO Ron L. Farnsworth sold 7,000 shares of the stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $20.49, for a total value of $143,430.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Luis Machuca bought 7,600 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The stock was acquired at an average cost of $17.29 per share, for a total transaction of $131,404.00. Following the acquisition, the director now directly owns 70,718 shares of the company’s stock, valued at $1,222,714.22. The disclosure for this purchase can be found here. Insiders have sold 17,000 shares of company stock worth $332,830 in the last ninety days. Corporate insiders own 0.58% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Versor Investments LP boosted its stake in Umpqua by 37,273.5% in the fourth quarter. Versor Investments LP now owns 4,073,711 shares of the bank’s stock valued at $78,378,000 after acquiring an additional 4,062,811 shares in the last quarter. Norges Bank acquired a new position in Umpqua in the fourth quarter valued at $49,879,000. FMR LLC boosted its stake in Umpqua by 1,322.7% in the first quarter. FMR LLC now owns 1,618,499 shares of the bank’s stock valued at $26,705,000 after acquiring an additional 1,504,734 shares in the last quarter. Leeward Investments LLC MA acquired a new position in Umpqua in the first quarter valued at $26,859,000. Finally, The Manufacturers Life Insurance Company boosted its stake 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 valued at $33,415,000 after acquiring an additional 1,298,211 shares in the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Umpqua stock opened at $16.70 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of 9.03 and a beta of 1.02. The stock’s 50 day simple moving average is $18.55 and its 200-day simple moving average is $19.72. Umpqua has a 1-year low of $16.40 and a 1-year high of $22.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Monday, May 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Friday, May 13th. Umpqua’s dividend payout ratio is currently 45.41%.
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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