Equities research analysts expect Umpqua Holdings Corp (NASDAQ:UMPQ) to report $0.36 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have provided estimates for Umpqua’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Umpqua reported earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The business is expected to report its next earnings results on Wednesday, October 17th.

On average, analysts expect that Umpqua will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.46. For the next financial year, analysts forecast that the firm will post earnings of $1.64 per share, with EPS estimates ranging from $1.55 to $1.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Umpqua.

Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). Umpqua had a net margin of 22.53% and a return on equity of 7.11%. The firm had revenue of $298.95 million for the quarter, compared to analysts’ expectations of $304.67 million. During the same period last year, the company posted $0.26 earnings per share.

UMPQ has been the topic of several recent analyst reports. BidaskClub raised shares of Umpqua from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Sandler O’Neill reissued a “buy” rating and set a $25.00 price objective on shares of Umpqua in a research report on Friday, July 20th. ValuEngine downgraded shares of Umpqua from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Hovde Group set a $24.00 price objective on shares of Umpqua and gave the company a “hold” rating in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Umpqua has an average rating of “Hold” and a consensus price target of $24.25.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smithfield Trust Co. purchased a new stake in shares of Umpqua during the 2nd quarter valued at about $128,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Umpqua during the 2nd quarter valued at about $143,000. ARP Americas LP purchased a new stake in shares of Umpqua during the 2nd quarter valued at about $203,000. Stifel Financial Corp bought a new position in shares of Umpqua in the 1st quarter worth approximately $216,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Umpqua in the 2nd quarter worth approximately $222,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

UMPQ stock traded up $0.13 during trading on Monday, hitting $21.66. 994,639 shares of the stock traded hands, compared to its average volume of 1,197,240. Umpqua has a 1 year low of $16.91 and a 1 year high of $24.89. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99.

Umpqua Company Profile

Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial 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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