Umpqua (NASDAQ:UMPQ) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 18th. Analysts expect Umpqua to post earnings of $0.29 per share for the quarter.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The business had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts expect Umpqua to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Umpqua stock opened at $21.71 on Monday. Umpqua has a 12 month low of $16.65 and a 12 month high of $23.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $4,869.50, a PE ratio of 20.29, a P/E/G ratio of 1.93 and a beta of 1.03.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Umpqua from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Umpqua from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine upgraded Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase cut their price objective on Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, Wedbush upgraded Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Umpqua currently has a consensus rating of “Hold” and an average target price of $22.20.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares of the company’s stock, valued at $4,049,953.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
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Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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.
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