Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, January 12th. The brokerage presently has a $25.00 price target on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 19.10% from the company’s previous close.
According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “
Several other research analysts have also commented on UMPQ. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $16.50 target price on shares of Umpqua in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 target price on shares of Umpqua in a research report on Monday, October 16th. Wells Fargo & Co upped their target price on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, Barclays upped their target price on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.55.
Umpqua (NASDAQ:UMPQ) traded down $0.87 on Friday, hitting $20.99. The stock had a trading volume of 2,124,062 shares, compared to its average volume of 1,620,132. The company has a market cap of $4,812.46, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. Umpqua has a 52-week low of $16.65 and a 52-week high of $22.89.
Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The firm had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. research analysts forecast that Umpqua will post 1.38 earnings per share for the current fiscal year.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in Umpqua during the 3rd quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Umpqua by 8.8% during 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 during the last quarter. Calton & Associates Inc. purchased a new stake in Umpqua during the 4th quarter valued at about $195,000. HighTower Advisors LLC purchased a new stake in Umpqua during the 2nd quarter valued at about $203,000. Finally, Raymond James Trust N.A. purchased a new stake in Umpqua during the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 88.19% of the company’s stock.
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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.
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