Umpqua (NASDAQ:UMPQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, September 11th.
According to Zacks, “UMPQUA HOLDINGS is a financial holding company. Through its subsidiaries, the company engages primarily in the business of commercial and retail banking and the delivery of retail brokerage services. “
Several other equities research analysts have also recently weighed in on UMPQ. Piper Jaffray Companies set a $20.00 price target on shares of Umpqua and gave the company a “sell” rating in a research report on Thursday, August 2nd. BidaskClub raised shares of Umpqua from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine cut shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Sandler O’Neill reaffirmed a “buy” rating and issued a $25.00 target price on shares of Umpqua in a research report on Friday, July 20th. Finally, Barclays dropped their target price on shares of Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.42.
Shares of UMPQ stock traded down $0.38 on Tuesday, hitting $20.88. 2,066,048 shares of the company’s stock traded hands, compared to its average volume of 1,778,324. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 0.99. Umpqua has a one year low of $19.53 and a one year high of $24.89. The firm has a market cap of $4.58 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.64 and a beta of 0.96.
Umpqua (NASDAQ:UMPQ) last released its earnings results on Wednesday, July 18th. The bank reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The business had revenue of $298.95 million for the quarter, compared to the consensus estimate of $304.67 million. Umpqua had a net margin of 22.53% and a return on equity of 7.11%. During the same period in the prior year, the business posted $0.26 EPS. As a group, analysts forecast that Umpqua will post 1.41 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in UMPQ. Millennium Management LLC increased its stake in Umpqua by 135.4% during the 1st quarter. Millennium Management LLC now owns 6,006,151 shares of the bank’s stock valued at $128,592,000 after purchasing an additional 3,455,114 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Umpqua in the second quarter worth approximately $26,307,000. Carillon Tower Advisers Inc. bought a new stake in shares of Umpqua in the first quarter worth approximately $23,435,000. Mainstay Capital Management LLC ADV grew its stake in shares of Umpqua by 964.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,098,174 shares of the bank’s stock worth $47,583,000 after acquiring an additional 994,958 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Umpqua by 61.9% in the second quarter. Segall Bryant & Hamill LLC now owns 2,310,306 shares of the bank’s stock worth $52,190,000 after acquiring an additional 883,556 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.
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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