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Umpqua Holdings Corporation Message Board

  • jams5006 Jun 12, 2008 3:46 PM Flag


    I wander when the div. will be annouonced? Why is the stock price going down? UMPQ has been silent on any info regarding its finacial stability. They claimed they have no subprime and the first quarter was clean. So why the silent treatment if things are not that bad? It looks like the visa deal turned out to be a plus but still not much to brag about I guess.

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    • We don't think so. Look at any bank's CD rate. They are all down. Thank the Fed.

      No, all financials are being beat-up due to a government encouraged policy and profit arrangement of creating no down payment home loans to poeple with low income. Thank your demo congress. Now Barney Frank (D. Mass.) wants you to pick of the bill by bailing our the lenders giving repos to cities to use for public housing.

    • There is something very wrong here. Not sure what. Just know have lost 270k on this one and sense it's heading for $6.00p/s. They couldn't even give me a decent car loan and the CD rate is crap. Am thinking not competitive in norcal or something is fundamentally wrong with the business that we don't know about.

    • Pencil, you and I have diferent views on buy-backs by management. I do not favor them because:
      1) Usually, Mangement is/are very poor market timers and pay too much in the open market; 2) When stock is re-purchased funds are consumed that could otherwise be utilized to grow the business, or pay a bit more dividend; 3) There is no assurance that reducing equity shares will increase the per share value of the stock. Often it does not! For example, look at what UMPQ or CACB have bought, and prices paid, in relation to the market value of the stock. 4) I'll take the extra dividend instead. An extra dollar in my pocket now, even if I pay 30 cents in taxes, is superior to a bird in a bush buy-back which likely will not improve the market price of the stock. 5) Constriction of the equity simply leaves more value room for future dilution caused by mangement option awards.

      Just my unpopular view and many years experience of it.

    • Seeit:

      Actually as an accountant I kind of have a clue about a balance sheet. I do think you have some well deserved concern about the loan portfolio. As the shareholders have to trust management and the statements that are issued by them it will be very interesting to see the 2nd qtr. results and the statements and notes that reflect that qtr. All eyes currently will be on the dividend announcement for this qtr., should it be reduced and management not re-purchase shares at this low rate that clearly would be a bad thing. I mention the stock buy-back as I would rather increase share value with the stock buy-back than give me a larger dividend I have to pay taxes on.

      Insiders had been picking up some shares in the past, I will have to check that out to see if anything is new on that field.

    • you are misunderstanding the statement, and should probably glance at the balance sheet...

    • Here was the press release on the dividend date from last qtr. it gives some idea of the timing for this months announcement:

      Umpqua Declares Quarterly Dividend
      Tuesday March 18, 6:32 pm ET
      Umpqua Authorizes Regular Quarterly Dividend of 19 Cents

      PORTLAND, Ore. (AP) -- Umpqua Holdings Corp. said Monday its board declared a regular quarterly dividend of 19 cents.
      The bank said the dividend is payable April 15 to shareholders of record March 31.

      As for deposits not being in the loan position, I was mentioning UMPQ's own word phrase I noted on this message in the past post:
      Total consolidated assets as of March 31, 2008 were $8.4 billion, compared to $7.3 billion a year ago. Total gross loans and leases, and deposits, were $6.0 billion and $6.5 billion, respectively, as of March 31, 2008, compared to $5.4 billion and $5.8 billion, respectively, a year ago.

    • hmmm maybe because of the $6B real estate loans on their books??

      • 1 Reply to see_it_coming
      • See it: You need to take a glance at the companies financials before you post that UMPQ has: "$6B real estate loans on their books"

        That would be hard to do with this quote from those same financials:

        Balance sheet

        Total consolidated assets as of March 31, 2008 were $8.4 billion, compared to $7.3 billion a year ago. Total gross loans and leases, and deposits, were $6.0 billion and $6.5 billion, respectively, as of March 31, 2008, compared to $5.4 billion and $5.8 billion, respectively, a year ago.

        The Company completed its acquisition of North Bay Bancorp on April 26, 2007 by issuing 5,163,573 shares in connection with this acquisition, with a total deal value of $143.2 million. This acquisition led to an increase in assets, loans and deposits of $728 million, $443 million and $463 million, respectively, from a year ago.

        Again here is the link to the notes in total:'%20target=

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