Umpqua Holdings Corp (NASDAQ:UMPQ) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.00.
Several research firms have recently issued reports on UMPQ. SunTrust Banks restated a “buy” rating and issued a $13.00 price target on shares of Umpqua in a research report on Sunday, June 14th. Piper Sandler assumed coverage on Umpqua in a research report on Friday, June 19th. They issued a “hold” rating and a $12.00 price target on the stock. Stephens reiterated an “overweight” rating and set a $15.00 target price on shares of Umpqua in a report on Sunday, June 14th. ValuEngine lowered Umpqua from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, BidaskClub upgraded Umpqua from a “strong sell” rating to a “sell” rating in a report on Friday, September 4th.
Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new position in Umpqua in the 2nd quarter valued at about $30,000. Sowell Financial Services LLC increased its position in shares of Umpqua by 771.3% during the first quarter. Sowell Financial Services LLC now owns 5,045 shares of the bank’s stock valued at $55,000 after buying an additional 4,466 shares during the period. Aigen Investment Management LP increased its position in shares of Umpqua by 499,050.0% during the first quarter. Aigen Investment Management LP now owns 9,983 shares of the bank’s stock valued at $109,000 after buying an additional 9,981 shares during the period. Parametrica Management Ltd purchased a new position in shares of Umpqua during the first quarter valued at about $113,000. Finally, Magnus Financial Group LLC purchased a new position in shares of Umpqua during the second quarter valued at about $122,000. Institutional investors own 86.15% of the company’s stock.
UMPQ stock traded down $0.02 during midday trading on Wednesday, reaching $11.25. 8,955 shares of the company’s stock traded hands, compared to its average volume of 1,909,125. The company has a 50-day simple moving average of $11.39 and a two-hundred day simple moving average of $11.35. Umpqua has a 1-year low of $8.88 and a 1-year high of $18.94. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 12.95 and a beta of 1.23. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.56.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 22nd. The bank reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The company had revenue of $327.98 million during the quarter, compared to analysts’ expectations of $306.55 million. Umpqua had a return on equity of 5.65% and a net margin of 13.68%. Equities research analysts forecast that Umpqua will post 0.82 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 20th were issued a $0.21 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.47%. Umpqua’s dividend payout ratio (DPR) is 52.50%.
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale 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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