DA Davidson Weighs in on Umpqua Holdings Co.’s FY2021 Earnings (NASDAQ:UMPQ)


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Umpqua Holdings Co. (NASDAQ:UMPQ) – DA Davidson raised their FY2021 EPS estimates for Umpqua in a report released on Monday, January 11th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $1.45 per share for the year, up from their previous forecast of $1.30.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Umpqua from a “strong-buy” rating to a “hold” rating in a report on Friday, December 25th. JPMorgan Chase & Co. downgraded Umpqua from a “neutral” rating to an “underweight” rating and set a $11.50 price objective for the company. in a research report on Tuesday, October 27th. Wells Fargo & Company raised Umpqua from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $14.00 in a research report on Thursday, October 8th. Wedbush lifted their price objective on Umpqua from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Finally, Piper Sandler lifted their price objective on Umpqua from $13.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, December 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.44.

NASDAQ UMPQ opened at $16.74 on Wednesday. Umpqua has a fifty-two week low of $8.88 and a fifty-two week high of $18.94. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 19.24 and a beta of 1.24. The business has a fifty day moving average of $15.12 and a 200-day moving average of $12.59. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.56.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Wednesday, October 21st. The bank reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.23. Umpqua had a return on equity of 5.65% and a net margin of 13.68%. The company had revenue of $348.98 million during the quarter, compared to analysts’ expectations of $321.70 million.

A number of hedge funds have recently bought and sold shares of the business. Sowell Financial Services LLC grew its position in Umpqua by 103.8% during the fourth quarter. Sowell Financial Services LLC now owns 12,855 shares of the bank’s stock valued at $195,000 after acquiring an additional 6,548 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Umpqua during the fourth quarter valued at about $240,000. Virtu Financial LLC purchased a new stake in Umpqua during the third quarter valued at about $145,000. Brinker Capital Investments LLC purchased a new stake in Umpqua during the third quarter valued at about $179,000. Finally, Advisor Partners LLC purchased a new stake in Umpqua during the third quarter valued at about $110,000. 86.15% of the stock is 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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Earnings History and Estimates for Umpqua (NASDAQ:UMPQ)

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