Umpqua (UMPQ) Announces Earnings Results

Umpqua (NASDAQ:UMPQ) announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04), Bloomberg Earnings reports. The company had revenue of $283.43 million during the quarter, compared to analyst estimates of $301.29 million. Umpqua had a return on equity of 7.91% and a net margin of 23.20%. During the same quarter in the previous year, the business posted $0.35 EPS.

Shares of UMPQ traded up $0.03 during trading hours on Friday, hitting $17.10. 1,244 shares of the company were exchanged, compared to its average volume of 1,850,295. The firm has a market cap of $3.77 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. Umpqua has a fifty-two week low of $15.09 and a fifty-two week high of $24.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.99 and a current ratio of 1.00.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Thursday, March 28th. Umpqua’s dividend payout ratio is 57.53%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Umpqua by 2.9% in the first quarter. BlackRock Inc. now owns 20,429,165 shares of the bank’s stock valued at $337,080,000 after buying an additional 570,822 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Umpqua by 18.5% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 12,375,862 shares of the bank’s stock valued at $196,776,000 after buying an additional 1,927,944 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Umpqua by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,423,100 shares of the bank’s stock valued at $102,129,000 after buying an additional 426,501 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Umpqua by 0.7% in the fourth quarter. Fisher Asset Management LLC now owns 3,554,888 shares of the bank’s stock valued at $56,523,000 after buying an additional 25,315 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Umpqua by 0.9% in the fourth quarter. Northern Trust Corp now owns 3,046,997 shares of the bank’s stock valued at $48,447,000 after buying an additional 27,913 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors.

UMPQ has been the subject of a number of analyst reports. BidaskClub raised Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research lowered Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Stephens restated a “hold” rating and set a $21.00 target price on shares of Umpqua in a research report on Monday, April 22nd. Finally, DA Davidson restated a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.44.

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About Umpqua

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Earnings History for Umpqua (NASDAQ:UMPQ)

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