Umpqua (NASDAQ:UMPQ) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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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%.

UMPQ has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co set a $22.00 price target on shares of Umpqua and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Raymond James reduced their price target on shares of Umpqua from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. JPMorgan Chase & Co. reduced their price target on shares of Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a research report on Monday, July 23rd. Finally, BidaskClub downgraded shares of Umpqua from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.85.

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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.

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Earnings History for Umpqua (NASDAQ:UMPQ)

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