Wall Street analysts expect Umpqua Holdings Corp (NASDAQ:UMPQ) to report sales of $301.29 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Umpqua’s earnings, with estimates ranging from $296.20 million to $305.66 million. Umpqua posted sales of $301.80 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings report after the market closes on Wednesday, April 17th.
On average, analysts expect that Umpqua will report full year sales of $1.25 billion for the current fiscal year, with estimates ranging from $1.23 billion to $1.27 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.30 billion, with estimates ranging from $1.27 billion to $1.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Umpqua.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $306.36 million. Umpqua had a net margin of 23.51% and a return on equity of 8.05%. During the same period in the prior year, the firm posted $0.28 EPS.
NASDAQ UMPQ traded down $0.17 during trading on Friday, reaching $17.72. 83,447 shares of the stock traded hands, compared to its average volume of 1,852,185. The stock has a market cap of $3.91 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 0.99. Umpqua has a fifty-two week low of $15.09 and a fifty-two week high of $24.89.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.74%. Umpqua’s payout ratio is 57.53%.
In other Umpqua news, CFO Ron L. Farnsworth sold 9,500 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $17.62, for a total transaction of $167,390.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bremer Trust National Association bought a new position in Umpqua during the 4th quarter worth approximately $27,000. Enlightenment Research LLC bought a new stake in shares of Umpqua during the 4th quarter worth $45,000. Parallel Advisors LLC raised its stake in shares of Umpqua by 58.4% during the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock worth $48,000 after purchasing an additional 1,118 shares during the period. Financial Advocates Investment Management raised its stake in shares of Umpqua by 45.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock worth $43,000 after purchasing an additional 1,001 shares during the period. Finally, JOYN Advisors Inc. raised its stake in shares of Umpqua by 60.9% during the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock worth $54,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 89.09% of the company’s stock.
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.
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