Umpqua (NASDAQ:UMPQ) Price Target Raised to $22.00

Umpqua (NASDAQ:UMPQ) had its price objective boosted by Barclays from $20.00 to $22.00 in a research note published on Tuesday, January 2nd, Marketbeat.com reports. They currently have an equal weight rating on the bank’s stock.

A number of other research firms have also weighed in on UMPQ. Wells Fargo & Co boosted their price objective on Umpqua from $18.00 to $20.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $20.00 price target on shares of Umpqua in a research note on Monday, October 16th. ValuEngine raised Umpqua from a hold rating to a buy rating in a research note on Sunday, December 31st. SunTrust Banks reissued a buy rating and set a $23.00 target price on shares of Umpqua in a research note on Monday, November 6th. Finally, Piper Jaffray Companies reissued a sell rating and set a $16.50 target price on shares of Umpqua in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Umpqua has an average rating of Buy and an average price target of $21.39.

Shares of Umpqua (NASDAQ:UMPQ) traded up $0.27 on Tuesday, hitting $22.40. The company had a trading volume of 1,134,644 shares, compared to its average volume of 1,484,924. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96. Umpqua has a 52-week low of $16.65 and a 52-week high of $22.86. The stock has a market capitalization of $4,873.73, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter in the previous year, the firm posted $0.28 earnings per share. sell-side analysts predict that Umpqua will post 1.04 EPS for the current year.

The company also recently announced a dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 28th. Umpqua’s dividend payout ratio (DPR) is presently 67.93%.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of UMPQ. Schwab Charles Investment Management Inc. lifted its holdings in shares of Umpqua by 10.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,566,298 shares of the bank’s stock valued at $28,758,000 after buying an additional 147,635 shares during the period. Legal & General Group Plc lifted its holdings in shares of Umpqua by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 251,143 shares of the bank’s stock valued at $4,614,000 after buying an additional 31,336 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Umpqua by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 26,495 shares of the bank’s stock valued at $486,000 after buying an additional 2,832 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after purchasing an additional 632 shares in the last quarter. Finally, Swiss National Bank increased its stake in Umpqua by 1.3% in the 2nd quarter. Swiss National Bank now owns 367,625 shares of the bank’s stock valued at $6,750,000 after purchasing an additional 4,700 shares in the last quarter. 88.15% of the stock is owned by institutional investors.

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Umpqua Company Profile

Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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