Equities Analysts Issue Forecasts for Umpqua Holdings Corporation’s Q2 2017 Earnings (NASDAQ:UMPQ)

Umpqua Holdings Corporation (NASDAQ:UMPQ) – Equities research analysts at Wedbush issued their Q2 2017 EPS estimates for Umpqua Holdings Corporation in a research report issued to clients and investors on Tuesday. Wedbush analyst D. Chiaverini forecasts that the bank will post earnings of $0.26 per share for the quarter. Wedbush currently has a “Neutral” rating and a $20.00 target price on the stock. Wedbush also issued estimates for Umpqua Holdings Corporation’s Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.09 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.24 EPS.

Several other brokerages have also issued reports on UMPQ. Hovde Group assumed coverage on shares of Umpqua Holdings Corporation in a research note on Monday, March 6th. They issued a “market perform” rating and a $20.00 target price on the stock. BidaskClub raised shares of Umpqua Holdings Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research note on Tuesday, May 9th. Finally, ValuEngine lowered shares of Umpqua Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.29.

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Shares of Umpqua Holdings Corporation (NASDAQ UMPQ) opened at 18.36 on Friday. Umpqua Holdings Corporation has a 52-week low of $14.78 and a 52-week high of $19.50. The company has a market cap of $4.05 billion, a P/E ratio of 17.65 and a beta of 1.11. The stock has a 50 day moving average of $17.83 and a 200 day moving average of $18.14.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its earnings results on Wednesday, April 19th. The bank reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The company had revenue of $266.95 million during the quarter, compared to the consensus estimate of $279.30 million. Umpqua Holdings Corporation had a return on equity of 6.25% and a net margin of 19.04%. During the same period in the previous year, the firm posted $0.29 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, June 28th. Umpqua Holdings Corporation’s payout ratio is 60.95%.

In other Umpqua Holdings Corporation news, CFO Ron L. Farnsworth sold 8,365 shares of Umpqua Holdings Corporation stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $17.93, for a total value of $149,984.45. Following the transaction, the chief financial officer now owns 190,355 shares of the company’s stock, valued at $3,413,065.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tyers Asset Management LLC raised its position in shares of Umpqua Holdings Corporation by 27.2% in the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after buying an additional 1,424 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Umpqua Holdings Corporation during the fourth quarter worth $135,000. Acrospire Investment Management LLC raised its position in shares of Umpqua Holdings Corporation by 23.6% in the first quarter. Acrospire Investment Management LLC now owns 7,850 shares of the bank’s stock worth $139,000 after buying an additional 1,500 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Umpqua Holdings Corporation by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 10,510 shares of the bank’s stock worth $179,000 after buying an additional 280 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in shares of Umpqua Holdings Corporation during the fourth quarter worth $191,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

About Umpqua Holdings Corporation

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.

Earnings History and Estimates for Umpqua Holdings Corporation (NASDAQ:UMPQ)




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