Umpqua Holdings Corp (NASDAQ:UMPQ) – Equities research analysts at Truist Securiti increased their Q4 2020 earnings per share (EPS) estimates for shares of Umpqua in a report issued on Monday, August 24th. Truist Securiti analyst M. Young now anticipates that the bank will earn $0.36 per share for the quarter, up from their previous forecast of $0.35. Truist Securiti also issued estimates for Umpqua’s Q3 2021 earnings at $0.30 EPS and Q4 2021 earnings at $0.32 EPS.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a report on Thursday, August 20th. Stephens reaffirmed an “overweight” rating and issued a $15.00 price target on shares of Umpqua in a report on Sunday, June 14th. TheStreet lowered shares of Umpqua from a “c” rating to a “d” rating in a report on Tuesday, May 12th. Piper Sandler began coverage on shares of Umpqua in a report on Friday, June 19th. They issued a “hold” rating and a $12.00 price target on the stock. Finally, BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Umpqua has a consensus rating of “Hold” and a consensus target price of $14.57.
Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The company had revenue of $327.98 million for the quarter, compared to analyst estimates of $306.55 million. Umpqua had a net margin of 13.68% and a return on equity of 5.65%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Wednesday, August 19th. Umpqua’s dividend payout ratio (DPR) is presently 52.50%.
Several institutional investors and hedge funds have recently made changes to their positions in UMPQ. Stephens Inc. AR lifted its position in Umpqua by 12.9% during the second quarter. Stephens Inc. AR now owns 26,796 shares of the bank’s stock valued at $285,000 after purchasing an additional 3,069 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Umpqua by 26.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,198,273 shares of the bank’s stock valued at $34,030,000 after purchasing an additional 673,227 shares during the period. Engineers Gate Manager LP acquired a new position in Umpqua during the second quarter valued at $299,000. California State Teachers Retirement System lifted its position in Umpqua by 0.9% during the second quarter. California State Teachers Retirement System now owns 369,991 shares of the bank’s stock valued at $3,937,000 after purchasing an additional 3,157 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in Umpqua by 3.8% during the second quarter. Public Employees Retirement System of Ohio now owns 297,538 shares of the bank’s stock valued at $3,166,000 after purchasing an additional 10,941 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.
Umpqua Company Profile
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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