Umpqua Holdings Corporation (NASDAQ:UMPQ) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, UMPQ to report 3Q20 income of $ 0.35 per share from revenue of $ 321.69 million.
For the full year, analysts anticipate top line of $ 1223.61 million, while looking forward to loss of $ 7.45 per share bottom line.
Previous Quarter Performance
Umpqua Holdings Corporation unfold income for the second quarter of $ 0.24 per share, from the revenue of $ 327.98 million. The quarterly earnings dropped 52.94 percent while revenues escalated 8.04 percent compared with the same quarter last year.
According to street consensus, UMPQ was expected to report 2Q20 income of $ 0.16 per share from revenue of $ 298.01 million. The bottom line results beat street analysts by $ 0.08 or 50.00 percent, at the same time, top line results outshined analysts by $ 29.97 million or 10.06 percent.
Stock Performance
Shares of Umpqua Holdings Corporation traded up $ 0.42 or 3.39 percent on Tuesday, reaching $ 12.80 with volume of 1.51 million shares. Umpqua Holdings Corporation has traded high as $ 12.99 and has cracked $ 12.50 on the downward trend
The closing price of $ 12.80, representing a 39.41 % increase from the 52 week low of $ 8.88 and a 34.64 % decrease over the 52 week high of $ 18.94.
The company has a market capital of $ 2.82 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 8th October 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on August 10, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 20, 2020 and ex-dividend date on August 19, 2020.
Conference Call
Umpqua Holdings Corporation will be hosting a conference call at 1:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.umpquabank.com
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.
