Analysts forecast that Umpqua Holdings Corp (NASDAQ:UMPQ) will announce $301.29 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Umpqua’s earnings, with the lowest sales estimate coming in at $296.20 million and the highest estimate coming in at $305.66 million. Umpqua posted sales of $301.80 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The firm is expected to issue its next earnings results after the market closes on Wednesday, April 17th.
On average, analysts expect that Umpqua will report full-year sales of $1.25 billion for the current financial year, with estimates ranging from $1.23 billion to $1.27 billion. For the next financial year, analysts anticipate that the business will post sales of $1.30 billion, with estimates ranging from $1.27 billion to $1.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $306.36 million. Umpqua had a net margin of 23.51% and a return on equity of 8.05%. During the same quarter last year, the company posted $0.28 earnings per share.
Shares of UMPQ stock traded down $0.21 on Friday, hitting $17.87. The stock had a trading volume of 2,381,997 shares, compared to its average volume of 1,923,447. The company has a market capitalization of $3.89 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. Umpqua has a 52-week low of $15.09 and a 52-week high of $24.89.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.21 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.84 annualized dividend and a yield of 4.70%. Umpqua’s dividend payout ratio is presently 57.53%.
In related news, CFO Ron L. Farnsworth sold 9,500 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $17.62, for a total value of $167,390.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.43% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of UMPQ. Standard Life Aberdeen plc raised its holdings in shares of Umpqua by 17.5% during the third quarter. Standard Life Aberdeen plc now owns 775,118 shares of the bank’s stock worth $16,134,000 after purchasing an additional 115,293 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Umpqua by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 285,555 shares of the bank’s stock worth $4,540,000 after purchasing an additional 983 shares during the period. FCA Corp TX acquired a new stake in shares of Umpqua during the fourth quarter worth $127,000. Cipher Capital LP acquired a new stake in shares of Umpqua during the fourth quarter worth $463,000. Finally, Credit Suisse AG raised its holdings in shares of Umpqua by 17.7% during the third quarter. Credit Suisse AG now owns 206,343 shares of the bank’s stock worth $4,293,000 after purchasing an additional 31,060 shares during the period. 88.97% of the stock is currently owned by hedge funds and other institutional investors.
Umpqua Company Profile
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. 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.
Featured Story: How to interpret a stock’s beta number
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Umpqua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Umpqua and related companies with MarketBeat.com's FREE daily email newsletter.