Umpqua Holdings Corp (NASDAQ:UMPQ) – Equities researchers at SunTrust Banks upped their Q3 2019 EPS estimates for Umpqua in a research note issued to investors on Thursday, June 27th. SunTrust Banks analyst M. Young now forecasts that the bank will earn $0.41 per share for the quarter, up from their prior estimate of $0.40.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Wednesday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Umpqua had a return on equity of 7.91% and a net margin of 23.20%. The business had revenue of $283.43 million for the quarter, compared to analysts’ expectations of $301.29 million. During the same period in the previous year, the firm posted $0.35 earnings per share.
Other analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating on shares of Umpqua in a research report on Thursday, April 18th. BidaskClub raised Umpqua from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens reaffirmed a “hold” rating and set a $21.00 target price on shares of Umpqua in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.44.
Shares of NASDAQ UMPQ opened at $16.83 on Monday. Umpqua has a 1 year low of $15.09 and a 1 year high of $23.57. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. 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 stock’s 50-day simple moving average is $16.53.
Institutional investors have recently made changes to their positions in the stock. Bremer Trust National Association bought a new stake in Umpqua in the fourth quarter valued at about $27,000. Financial Advocates Investment Management increased its holdings in Umpqua by 45.1% in the fourth quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after buying an additional 1,001 shares during the last quarter. JOYN Advisors Inc. increased its holdings in Umpqua by 60.9% in the fourth quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock valued at $54,000 after buying an additional 1,294 shares during the last quarter. Toronto Dominion Bank increased its holdings in Umpqua by 12,996.9% in the fourth quarter. Toronto Dominion Bank now owns 4,191 shares of the bank’s stock valued at $67,000 after buying an additional 4,159 shares during the last quarter. Finally, Pearl River Capital LLC increased its holdings in Umpqua by 1,434.7% in the first quarter. Pearl River Capital LLC now owns 4,604 shares of the bank’s stock valued at $76,000 after buying an additional 4,304 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.99%. The ex-dividend date is Thursday, June 27th. Umpqua’s dividend payout ratio is currently 57.53%.
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.