A number of other research analysts also recently issued reports on the company. Zacks Investment Research raised Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Stephens raised Umpqua from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $21.00 in a research note on Thursday, January 2nd. SunTrust Banks dropped their price objective on Umpqua from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. ValuEngine raised Umpqua from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wedbush decreased their target price on Umpqua from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.25.
Shares of NASDAQ:UMPQ opened at $18.05 on Friday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.01 and a quick ratio of 1.00. The business’s 50-day moving average is $17.81 and its 200-day moving average is $16.68. Umpqua has a 1 year low of $15.06 and a 1 year high of $18.94.
Umpqua (NASDAQ:UMPQ) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $310.56 million for the quarter, compared to the consensus estimate of $303.79 million. Umpqua had a return on equity of 8.41% and a net margin of 24.20%. During the same period in the previous year, the business earned $0.36 EPS. Analysts anticipate that Umpqua will post 1.59 EPS for the current year.
In related news, Director Susan F. Stevens sold 12,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $16.69, for a total value of $200,280.00. Following the completion of the sale, the director now directly owns 35,012 shares of the company’s stock, valued at approximately $584,350.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Fulcrum Capital LLC bought a new stake in Umpqua during the 3rd quarter worth approximately $203,000. Parallel Advisors LLC increased its holdings in Umpqua by 37.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,297 shares of the bank’s stock worth $54,000 after purchasing an additional 891 shares in the last quarter. Huntington National Bank increased its holdings in Umpqua by 23.5% during the 4th quarter. Huntington National Bank now owns 5,104 shares of the bank’s stock worth $91,000 after purchasing an additional 972 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in Umpqua during the 3rd quarter worth approximately $155,000. Finally, HighTower Advisors LLC bought a new stake in Umpqua during the 2nd quarter worth approximately $180,000. 84.69% of the stock is owned by hedge funds and other institutional investors.
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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