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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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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