ValuEngine upgraded shares of Umpqua (NASDAQ:UMPQ) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.
UMPQ has been the subject of several other reports. JPMorgan Chase reduced their target price on Umpqua from $24.00 to $23.00 and set a neutral rating for the company in a report on Thursday, January 25th. Zacks Investment Research raised Umpqua from a hold rating to a strong-buy rating and set a $25.00 target price for the company in a report on Friday, January 12th. Barclays upped their target price on Umpqua from $20.00 to $22.00 and gave the company an equal weight rating in a report on Tuesday, January 2nd. Finally, BidaskClub downgraded Umpqua from a buy rating to a hold rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Umpqua has an average rating of Hold and a consensus target price of $22.20.
Shares of UMPQ stock opened at $21.37 on Friday. Umpqua has a fifty-two week low of $16.65 and a fifty-two week high of $23.18. The stock has a market cap of $4,710.78, a P/E ratio of 19.97, a PEG ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.
Umpqua (NASDAQ:UMPQ) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS 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 the consensus estimate of $293.80 million. During the same period in the prior year, the business posted $0.27 earnings per share. Umpqua’s revenue was down 4.5% compared to the same quarter last year. sell-side analysts predict that Umpqua will post 1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be paid a $0.20 dividend. This is an increase from Umpqua’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, March 29th. Umpqua’s dividend payout ratio is currently 74.77%.
In related news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $21.45, for a total value of $124,302.75. Following the completion of the sale, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in Umpqua in the 4th quarter worth about $397,000. Envestnet Asset Management Inc. lifted its stake in Umpqua by 19.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,769 shares of the bank’s stock worth $494,000 after acquiring an additional 3,817 shares in the last quarter. Phocas Financial Corp. lifted its stake in Umpqua by 78.2% in the 4th quarter. Phocas Financial Corp. now owns 553,883 shares of the bank’s stock worth $11,521,000 after acquiring an additional 243,023 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in Umpqua by 2.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,395,632 shares of the bank’s stock worth $29,029,000 after acquiring an additional 31,647 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Umpqua in the 4th quarter worth about $4,969,000. 91.16% of the stock is owned by hedge funds and other institutional investors.
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Umpqua Company Profile
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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