Analysts Issue Forecasts for Umpqua Holdings Corporation’s FY2017 Earnings (NASDAQ:UMPQ)

Umpqua Holdings Corporation (NASDAQ:UMPQ) – SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Umpqua in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Young now anticipates that the bank will post earnings of $1.04 per share for the year, up from their previous forecast of $1.03. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for Umpqua’s Q1 2018 earnings at $0.32 EPS and Q2 2018 earnings at $0.36 EPS.

UMPQ has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised shares of Umpqua from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Friday. ValuEngine raised shares of Umpqua from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Barclays increased their price target on shares of Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, BidaskClub downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.39.

Umpqua (NASDAQ UMPQ) opened at $22.40 on Tuesday. The firm has a market capitalization of $4,933.19, a PE ratio of 21.54, a PEG ratio of 1.95 and a beta of 1.14. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31. Umpqua has a 12-month low of $16.65 and a 12-month high of $22.86.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a net margin of 19.04% and a return on equity of 5.79%. During the same quarter in the previous year, the business earned $0.28 EPS.

The company also recently disclosed a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 28th. Umpqua’s payout ratio is currently 67.93%.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation bought a new stake in Umpqua in the third quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Umpqua by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after purchasing an additional 632 shares during the last quarter. HighTower Advisors LLC bought a new stake in Umpqua in the second quarter worth about $203,000. Raymond James Trust N.A. bought a new stake in Umpqua in the second quarter worth about $206,000. Finally, Merriman Wealth Management LLC bought a new stake in Umpqua in the third quarter worth about $220,000. 88.15% of the stock is owned by institutional investors and hedge funds.

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About Umpqua

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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