Umpqua (UMPQ) Raised to Strong-Buy at ValuEngine

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.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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