SunTrust Banks Equities Analysts Cut Earnings Estimates for Umpqua Holdings Corp (UMPQ)

Umpqua Holdings Corp (NASDAQ:UMPQ) – Investment analysts at SunTrust Banks decreased their FY2019 earnings estimates for Umpqua in a report issued on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst M. Young now expects that the bank will earn $1.49 per share for the year, down from their prior estimate of $1.66. SunTrust Banks also issued estimates for Umpqua’s Q1 2020 earnings at $0.39 EPS.

Other research analysts have also issued research reports about the stock. DA Davidson reiterated a “buy” rating on shares of Umpqua in a research note on Thursday, April 18th. BidaskClub lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Umpqua from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. ValuEngine downgraded shares of Umpqua from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Stephens reissued a “hold” rating and set a $21.00 target price on shares of Umpqua in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.44.

NASDAQ UMPQ opened at $16.93 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $3.76 billion, a P/E ratio of 11.60, a PEG ratio of 1.18 and a beta of 1.08. Umpqua has a 52 week low of $15.09 and a 52 week high of $24.89.

Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $283.43 million for the quarter, compared to the consensus estimate of $301.29 million. Umpqua had a return on equity of 7.91% and a net margin of 23.20%. During the same quarter last year, the firm earned $0.35 EPS.

A number of large investors have recently added to or reduced their stakes in the business. Financial Advocates Investment Management boosted its holdings in shares of Umpqua by 45.1% in the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after acquiring an additional 1,001 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of Umpqua by 17.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 775,118 shares of the bank’s stock valued at $16,134,000 after acquiring an additional 115,293 shares during the last quarter. FCA Corp TX purchased a new stake in shares of Umpqua in the 4th quarter valued at $127,000. Retirement Systems of Alabama boosted its holdings in shares of Umpqua by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 285,555 shares of the bank’s stock valued at $4,540,000 after acquiring an additional 983 shares during the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Umpqua in the 4th quarter valued at $463,000. 89.30% of the stock is currently owned by 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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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