Umpqua (NASDAQ:UMPQ) issued its earnings results on Wednesday, October 17th. The bank reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05, Briefing.com reports. The firm had revenue of $313.76 million during the quarter, compared to analysts’ expectations of $309.37 million. Umpqua had a net margin of 24.23% and a return on equity of 7.74%. During the same period last year, the firm posted $0.28 earnings per share.
Shares of Umpqua stock traded down $0.17 during midday trading on Friday, reaching $19.73. 965,414 shares of the company’s stock traded hands, compared to its average volume of 2,042,622. The company has a market capitalization of $4.37 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.52 and a beta of 1.00. 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 $18.17 and a 52 week high of $24.89.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.26%. This is an increase from Umpqua’s previous quarterly dividend of $0.20. Umpqua’s dividend payout ratio (DPR) is currently 78.50%.
WARNING: This piece was originally reported by BBNS and is owned by of BBNS. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/2018/11/10/umpqua-umpq-announces-quarterly-earnings-results-beats-estimates-by-0-05-eps/2847289.html.
Umpqua Company Profile
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.
Featured Story: Trading Strategy Methods for Individual Investors
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.