Analysts Set Umpqua Holdings Corporation (UMPQ) Target Price at $22.00

Umpqua Holdings Corporation (NASDAQ:UMPQ) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.00.

Several equities analysts have weighed in on UMPQ shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price objective on shares of Umpqua in a report on Monday, October 16th. Wells Fargo & Co increased their price objective on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Barclays increased their price objective on Umpqua from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. SunTrust Banks reissued a “buy” rating and set a $23.00 price objective on shares of Umpqua in a report on Monday, November 6th. Finally, Zacks Investment Research downgraded Umpqua from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st.

In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction on 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 $4,049,953.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of Umpqua by 0.7% in the third quarter. Macquarie Group Ltd. now owns 5,483,338 shares of the bank’s stock worth $106,980,000 after buying an additional 38,047 shares in the last quarter. First Trust Advisors LP raised its position in Umpqua by 69.1% during the fourth quarter. First Trust Advisors LP now owns 2,605,991 shares of the bank’s stock valued at $54,205,000 after purchasing an additional 1,064,635 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Umpqua during the second quarter valued at about $38,607,000. JPMorgan Chase & Co. raised its position in Umpqua by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 1,923,159 shares of the bank’s stock valued at $37,752,000 after purchasing an additional 74,244 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Umpqua by 5.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock valued at $36,260,000 after purchasing an additional 85,687 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Umpqua (NASDAQ UMPQ) traded up $0.65 during mid-day trading on Friday, hitting $21.17. The stock had a trading volume of 1,795,700 shares, compared to its average volume of 1,615,984. The company has a market capitalization of $4,660.55, a price-to-earnings ratio of 19.60, a PEG ratio of 1.83 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 announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The business had revenue of $292.60 million during the quarter, compared to analyst estimates of $293.80 million. During the same period in the prior year, the company earned $0.27 earnings per share. Umpqua’s revenue was down 4.5% compared to the same quarter last year. equities research analysts anticipate that Umpqua will post 1.36 earnings per share for the current year.

The business also recently announced a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, December 28th. Umpqua’s dividend payout ratio is currently 63.72%.

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About Umpqua

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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