Umpqua Holdings Corp. Receives Average Recommendation of “Hold” from Analysts (NASDAQ:UMPQ)
Umpqua Holdings Corp. (NASDAQ:UMPQ) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, AnalystRatingsNetwork.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.94.
Umpqua Holdings Corp. (NASDAQ:UMPQ) opened at 17.36 on Wednesday. Umpqua Holdings Corp. has a 1-year low of $15.52 and a 1-year high of $19.65. The stock has a 50-day moving average of $17.5 and a 200-day moving average of $17.78. The company has a market cap of $3.766 billion and a P/E ratio of 20.98.
Umpqua Holdings Corp. (NASDAQ:UMPQ) last posted its quarterly earnings results 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 $1.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, June 26th.
Separately, analysts at Barclays upgraded shares of Umpqua Holdings Corp. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. They now have a $19.00 price target on the stock, up previously from $17.00.
Umpqua Holdings Corporation (NASDAQ:UMPQ) is a financial holding company.
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