UMPQ  Umpqua Holdings Corporation

Exchange

NASDAQ

Sector

Finance

Industry

Savings Institutions

Market Cap.

3.84B

Current Price

$17.40
-0.08 (-0.46%)

Book Price

$13.91
Overvalued by 20.07%
Financial Institution

Company Metrics

  • P/E 16.73
  • P/S 3.50
  • P/B 0.98
  • EPS 1.04
  • Dividend 0.64 / 3.68 %
  • Avg. Vol. 1.64M
  • Shares 220.69M
  • Market Cap. 3.84B

Company Description

Umpqua Holdings Corporation operates as the bank holding company for Umpqua Bank that provides commercial and retail banking services to corporate, institutional, and individual customers primarily in the areas of Oregon, northern California, and Washington. The company's deposit products include non-interest bearing checking accounts, interest bearing checking and savings accounts, money market a... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Umpqua Holdings' (UMPQ) CEO Cort O'Haver on Q1 2017 Results - Earnings Call ...
Seeking Alpha - Apr 20, 2017
Good day, everyone and welcome to the Umpqua Holdings Corporation First Quarter Earnings Call. Today's conference is being recorded.
Umpqua Holdings' (UMPQ) CEO Cort O'Haver on Q4 2016 Results - Earnings Call ...
Seeking Alpha - Jan 27, 2017
Okay, thank you, Alan. Good morning and thank you for joining us today on our fourth quarter 2016 earnings call. With me this morning are Cort O'Haver, the President and CEO of Umpqua Holdings Corporation; and Dave Shotwell, our Chief Credit Officer.
Umpqua Bank ends year 6 percent bigger, but still hampered by low interest rates - Portland Business Journal
BRIEF-Umpqua Holdings Corp reports Q1 earnings per share $0.21
Reuters - Apr 19, 2017
... * Crown weakens near earlier cap level at 27 vs the euro * French elections, global inflation retreat are risks to CEE fx * No sign of central bank hawkishness despite surge in wages By Sandor Peto and Jason Hovet BUDAPEST/PRAGUE, April 20 The ...
Zacks: Analysts Anticipate Umpqua Holdings Corp (UMPQ) Will Post Earnings of ...
The Cerbat Gem - May 28, 2017
Umpqua Holdings Corp logo Equities research analysts expect that Umpqua Holdings Corp (NASDAQ:UMPQ) will report earnings per share of $0.27 for the current quarter, according to Zacks Investment Research.
Public Employees Retirement Association of Colorado Has $740000 Position in ... - Sports Perspectives
Meadow Creek Investment Management LLC Has $207000 Position in Umpqua Holdings ... - Stock Observer
Fitch Rates Umpqua Holdings Corp's IDRs 'BBB+'/'F2'; Outlook Stable
Reuters - Apr 11, 2017
SAN FRANCISCO Cyber security firm Symantec Corp said on Monday it was "highly likely" a hacking group affiliated with North Korea was behind the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and disrupted ...
Umpqua Holdings Corporation Names Rilla Delorier Chief Strategy Officer
GlobeNewswire (press release) - Apr 17, 2017
PORTLAND, Ore., April 17, 2017 (GLOBE NEWSWIRE) -- Umpqua Holdings Corporation (UMPQ) announced today that it has selected Rilla Delorier as its first chief strategy officer.
Traders Actions to Focus: Umpqua Holdings Corporation's (UMPQ) - Is stories
Umpqua Holdings Corp (UMPQ) Releases Earnings Results, Misses Expectations By ... - Highland Mirror
Umpqua Holdings Corporation (Nasdaq: UMPQ) to Ring The Nasdaq Stock Market ...
Nasdaq - May 3, 2017
Umpqua Holdings Corporation (Nasdaq:UMPQ), the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative customer experience, and distinctive banking solutions, will visit the Nasdaq ...
Suntrust Banks Inc. Has $511000 Position in Umpqua Holdings Corp (UMPQ)
The Cerbat Gem - May 26, 2017
Umpqua Holdings Corp logo Suntrust Banks Inc. increased its position in shares of Umpqua Holdings Corp (NASDAQ:UMPQ) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
Umpqua Holdings Corp (UMPQ) Position Decreased by William Blair Investment ... - Chaffey Breeze
Prudential Financial Inc. Has $24.303 Million Position in Umpqua Holdings Corp ... - Stock Observer
Umpqua Holdings' (UMPQ) CEO Ray Davis on Q3 2016 Results - Earnings Call ...
Seeking Alpha - Oct 20, 2016
Good day and welcome to the Umpqua Holdings Corporation Third Quarter Earnings Call. Today's conference is being recorded.
How much upside really exists in Umpqua Holdings Corporation (UMPQ) and ...
USA Commerce Daily - 4 hours ago
Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) observed rebound of 19.1% since bottoming out at $14.61 on Jun. 28, 2016.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for UMPQ to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate UMPQ's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

Poor Cash Return on Invested Capital over the past 5 years

UMPQ has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

UMPQ has only created $- of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow - - - - -
divided by
Invested Capital 11.80B 11.64B 22.61B 23.39B 24.81B
Cash ROIC - - - - -

Poor Return on Equity over the past 5 years

UMPQ has shown an inability to deliver strong results for shareholders. This could be due to poor management, UMPQ operating in a highly competitive industry, or having a weak business in general.

UMPQ has only generated $5.45 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 101.89M 98.36M 147.52M 222.54M 232.94M
divided by
Stockholders' Equity 1.72B 1.73B 3.78B 3.85B 3.92B
Return on Equity 5.91% 5.69% 3.90% 5.78% 5.95%

Poor Business Performance over the past 10 years

UMPQ's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

UMPQ has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow - - - - - - - - - -

Consistent Reinvestment of Profits over the past 10 years

UMPQ has consistently retained profits. This may put UMPQ in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, UMPQ can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 251.55M 264.94M 83.94M 76.70M 123.73M 187.29M 217.92M 249.61M 331.30M 422.84M
Retained Earnings Growth - 5.32% -68.32% -8.62% 61.31% 51.38% 16.35% 14.54% 32.73% 27.63%

Highly Competitive Industry over the past 10 years

It's likely that UMPQ is in an industry with low barriers to entry, spurring high competition. If Gross Margins are at least satisfactory, it's likely UMPQ invests heavily in R&D and Sales, General & Administrative expenses.

Only $- of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 63.27M 51.04M -153.37M 28.33M 74.50M 101.89M 98.36M 147.52M 222.54M 232.94M
divided by
Revenue - - - - - - - - - -
Net Profit Margin - - - - - - - - - -

Weak Pricing Power over the past 10 years

UMPQ is likely in a highly competitive industry, due to low barriers to entry. It's because of this, that UMPQ has been unable to raise prices and increase their profitability. This puts them in a poor position if inflation becomes an issue, as they would struggle to pass higher costs onto consumers.

Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit - - - - - - - - - -
divided by
Revenue - - - - - - - - - -
Gross Margin - - - - - - - - - -

Low Capital Intensity over the past 10 years

UMPQ has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that UMPQ may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure - - - - - - - - - -
divided by
Net Income 63.27M 51.04M -153.37M 28.33M 74.50M 101.89M 98.36M 147.52M 222.54M 232.94M
Capital Expenditure Ratio - - - - - - - - - -

Very Strong Dividend History over the past 10 years

UMPQ has consistently distributed a dividend for at least the past 10 years. Such a long dividend history suggests UMPQ is very established in its market and that its dividend distribution is likely to continue for a significant period of time.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid 43.46M 45.80M 24.14M 24.31M 25.32M 46.20M 50.77M 99.23M 134.62M 141.07M
divided by
Shares Outstanding 60.26M 60.43M 70.40M 108.15M 114.41M 112.15M 112.18M 187.54M 221.05M 220.91M
Dividend Paid Per Share 0.72 0.76 0.34 0.22 0.22 0.41 0.45 0.53 0.61 0.64
Price at Year End 13.65 13.20 13.03 12.11 12.39 11.57 19.14 17.32 16.09 18.78
Dividend Yield 5.28% 5.74% 2.63% 1.86% 1.79% 3.56% 2.36% 3.05% 3.79% 3.40%

History of Stock Buybacks over the past 10 years

UMPQ has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 60.26M 60.43M 70.40M 108.15M 114.41M 112.15M 112.18M 187.54M 221.05M 220.91M
Stock Bought Back - -0.29% -14.16% -34.91% -5.47% 2.01% -0.02% -40.19% -15.16% 0.06%
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