Umpqua (NASDAQ:UMPQ) Posts Earnings Results, Beats Estimates By $0.09 EPS

Umpqua (NASDAQ:UMPQ) released its quarterly earnings results on Tuesday. The bank reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09, MarketWatch Earnings reports. Umpqua had a return on equity of 16.56% and a net margin of 29.85%. During the same period in the previous year, the business earned $0.24 earnings per share.

UMPQ stock traded up $0.16 during trading on Thursday, reaching $18.33. 33,122 shares of the stock traded hands, compared to its average volume of 1,369,364. The firm’s 50 day simple moving average is $18.60. Umpqua has a 52-week low of $10.03 and a 52-week high of $19.62. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.24. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 9.18 and a beta of 1.22.

The company also recently declared a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Tuesday, May 18th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Monday, May 17th. Umpqua’s dividend payout ratio (DPR) is presently -100.00%.

UMPQ has been the subject of several analyst reports. TheStreet upgraded Umpqua from a “c” rating to a “b-” rating in a research note on Wednesday, April 21st. Zacks Investment Research lowered Umpqua from a “buy” rating to a “hold” rating in a research note on Tuesday, March 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Umpqua currently has a consensus rating of “Hold” and an average target price of $14.58.

About Umpqua

Umpqua Holdings Corp. operates as a bank holding company, which provides banking and financial services. The firm operates through followings segments: Wholesale Bank, Wealth Management, Retail Bank and Home Lending. The Wholesale Bank segment includes lending, treasury and cash management services and customer risk management products to middle market corporate, commercial and business banking customers and the operations of FinPac.

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Earnings History for Umpqua (NASDAQ:UMPQ)

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