Umpqua Holdings Corp (NASDAQ:UMPQ) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.73.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Umpqua from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. BidaskClub raised shares of Umpqua from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Finally, ValuEngine raised shares of Umpqua from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
In other news, CFO Ron L. Farnsworth sold 9,500 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $17.62, for a total transaction of $167,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bremer Trust National Association bought a new position in Umpqua in the 4th quarter valued at about $27,000. Financial Advocates Investment Management boosted its position in shares of Umpqua by 45.1% during the 4th quarter. Financial Advocates Investment Management now owns 3,222 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,001 shares in the last quarter. Enlightenment Research LLC bought a new position in shares of Umpqua during the 4th quarter valued at about $45,000. Parallel Advisors LLC boosted its position in shares of Umpqua by 58.4% during the 4th quarter. Parallel Advisors LLC now owns 3,031 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,118 shares in the last quarter. Finally, JOYN Advisors Inc. boosted its position in shares of Umpqua by 60.9% during the 4th quarter. JOYN Advisors Inc. now owns 3,420 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,294 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Shares of NASDAQ UMPQ traded down $0.23 during trading on Wednesday, reaching $17.66. 95,462 shares of the stock were exchanged, compared to its average volume of 1,852,185. Umpqua has a twelve month low of $15.09 and a twelve month high of $24.89. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.91 billion, a P/E ratio of 12.14, a PEG ratio of 1.18 and a beta of 1.08.
Umpqua (NASDAQ:UMPQ) last posted its earnings results on Wednesday, January 23rd. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $306.36 million. Umpqua had a return on equity of 8.05% and a net margin of 23.51%. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, research analysts expect that Umpqua will post 1.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 4.76%. Umpqua’s dividend payout ratio is currently 57.53%.
Umpqua Company Profile
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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