Umpqua Holdings Corp (UMPQ) Expected to Post Quarterly Sales of $301.29 Million

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.

UMPQ has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Umpqua from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Saturday, December 22nd. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Umpqua in a research report on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.25.

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.

About Umpqua

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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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