UMPQ  Umpqua Holdings Corporation

Exchange

NASDAQ

Sector

Finance

Industry

Savings Institutions

Market Cap.

4.22B

Current Price

$19.15
+0.15 (+0.79%)

Book Price

$13.81
Overvalued by 27.87%
Financial Institution

Company Metrics

  • P/E 18.24
  • P/S 3.79
  • P/B 1.07
  • EPS 1.05
  • Dividend 0.64 / 3.36 %
  • Avg. Vol. 1.62M
  • Shares 220.37M
  • Market Cap. 4.22B

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 Corporation (NASDAQ:UMPQ) Stock Technicals Hit Strength
CML News - Aug 1, 2016
This is a technical analysis stock rating for Umpqua Holdings Corporation (NASDAQ:UMPQ) . The company has a four bull technical rating which indicates some strength.
Umpqua Holdings Corp (UMPQ) Stake Raised by Tudor Investment Corp Et Al
The Cerbat Gem - 12 hours ago
Umpqua Holdings Corp logo Tudor Investment Corp Et Al boosted its stake in Umpqua Holdings Corp (NASDAQ:UMPQ) by 236.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
Analyst's Proposition on Umpqua Holdings Corporation (UMPQ), CIT Group Inc. (CIT) - The USA Commerce
The Allianz Asset Management AG Decreases Stake in Umpqua Holdings Corporation ... - DailyQuint
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 Holdings Corp (UMPQ) Releases Earnings Results, Misses Expectations By ... - Highland Mirror
DUPONT CAPITAL MANAGEMENT Corp Has $3039000 Position in Umpqua Holdings ... - The Cerbat Gem
Form 8-K UMPQUA HOLDINGS CORP For: Feb 03
StreetInsider.com - Feb 3, 2017
On February 3, 2017, Umpqua Holdings Corporation amended the employment agreements of Messrs. O'Haver and Davis to reflect their new roles.
Revenue Approximations Analysis: Umpqua Holdings Corporation (UMPQ), National ...
StockNewsJournal - Feb 22, 2017
Umpqua Holdings Corporation (UMPQ) have shown a high EPS growth of 10.20% in the last 5 years and has earnings decline of 4.90% yoy.
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.
Form SC 13G UMPQUA HOLDINGS CORP Filed by: STATE STREET CORP
StreetInsider.com - Feb 6, 2017
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 ANNUAL FILING UMPQUA HOLDINGS CORPORATION (NAME OF ISSUER) COMMON ...
Is Umpqua Holdings (UMPQ) a Great Stock for Value Investors?
Zacks.com - Feb 8, 2017
We should also point out that Umpqua Holdings has a forward PE ratio (price relative to this year's earnings) of just 16.46, so while the stock may not have a value-oriented path ahead, it is still expected to remain undervalued compared to its peers.
Umpqua Holdings Corporation Announces CEO Succession Plan
Business Wire (press release) - Jun 20, 2016
Umpqua Holdings Corporation announces president and CEO Ray Davis will move into a new role as executive chair of the company's board of directors, effective January 1, 2017.
Umpqua Bank names O'Haver CEO, Davis will remain on the board - Portland Business Journal
Option Market: Umpqua Holdings Corporation Risk Hits A Lowered Level
CML News - Feb 10, 2017
We're going to look at a proprietary risk rating for the next 30-days built by Capital Market Laboratories (CMLviz) based on a large number of interactions of data points, many of which come directly from the option market for Umpqua Holdings ...
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
20112012201320142015
Free Cash Flow - - - - -
divided by
Invested Capital 11.56B 11.80B 11.64B 22.61B 23.39B
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 $5.15 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20112012201320142015
Net Income 74.50M 101.89M 98.36M 147.52M 222.54M
divided by
Stockholders' Equity 1.67B 1.72B 1.73B 3.78B 3.85B
Return on Equity 4.45% 5.91% 5.69% 3.90% 5.78%

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
2006200720082009201020112012201320142015
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
2006200720082009201020112012201320142015
Retained Earnings 234.78M 251.55M 264.94M 83.94M 76.70M 123.73M 187.29M 217.92M 249.61M 331.30M
Retained Earnings Growth - 7.14% 5.32% -68.32% -8.62% 61.31% 51.38% 16.35% 14.54% 32.73%

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
2006200720082009201020112012201320142015
Net Income 84.45M 63.27M 51.04M -153.37M 28.33M 74.50M 101.89M 98.36M 147.52M 222.54M
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
2006200720082009201020112012201320142015
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
2006200720082009201020112012201320142015
Capital Expenditure - - - - - - - - - -
divided by
Net Income 84.45M 63.27M 51.04M -153.37M 28.33M 74.50M 101.89M 98.36M 147.52M 222.54M
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
2006200720082009201020112012201320142015
Dividend Paid 28.13M 43.46M 45.80M 24.14M 24.31M 25.32M 46.20M 50.77M 99.23M 134.62M
divided by
Shares Outstanding 53.11M 60.26M 60.43M 70.40M 108.15M 114.41M 112.15M 112.18M 187.54M 221.05M
Dividend Paid Per Share 0.53 0.72 0.76 0.34 0.22 0.22 0.41 0.45 0.53 0.61
Price at Year End 25.69 13.65 13.20 13.03 12.11 12.39 11.57 19.14 17.32 16.09
Dividend Yield 2.06% 5.28% 5.74% 2.63% 1.86% 1.79% 3.56% 2.36% 3.05% 3.79%

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
2006200720082009201020112012201320142015
Shares Outstanding 53.11M 60.26M 60.43M 70.40M 108.15M 114.41M 112.15M 112.18M 187.54M 221.05M
Stock Bought Back - -11.86% -0.29% -14.16% -34.91% -5.47% 2.01% -0.02% -40.19% -15.16%
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