Umpqua Holdings Corp. Sees Large Decline in Short Interest (UMPQ)
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 7,386,910 shares, a drop of 69.9% from the April 15th total of 24,505,261 shares, Analyst Ratings Network reports. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 5,423,443 shares, the days-to-cover ratio is presently 1.4 days.
Separately, analysts at RBC Capital downgraded shares of Umpqua Holdings Corp. from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, March 18th. They now have a $20.00 price target on the stock, down previously from $22.00. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.08.
Shares of Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 16.00 on Thursday. Umpqua Holdings Corp. has a one year low of $13.22 and a one year high of $19.65. The stock’s 50-day moving average is $17.58 and its 200-day moving average is $17.9. The company has a market cap of $3.471 billion and a P/E ratio of 19.69.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last released its earnings data on Monday, April 21st. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.02. During the same quarter last year, the company posted $0.21 earnings per share. Analysts expect that Umpqua Holdings Corp. will post $1.03 EPS for the current fiscal year.
Umpqua Holdings Corporation (NASDAQ:UMPQ) is a financial holding company.
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