Umpqua Holdings Corporation (UMPQ) Given Consensus Rating of “Hold” by Analysts
Umpqua Holdings Corporation (NASDAQ:UMPQ) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.56.
UMPQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $20.00 price target on Umpqua Holdings Corporation and gave the company a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded Umpqua Holdings Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stephens reissued a “hold” rating and issued a $20.00 target price on shares of Umpqua Holdings Corporation in a research report on Thursday, July 20th. Zacks Investment Research raised Umpqua Holdings Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 25th. Finally, SunTrust Banks, Inc. began coverage on Umpqua Holdings Corporation in a research report on Friday, August 18th. They issued a “buy” rating and a $20.00 target price for the company.
Umpqua Holdings Corporation (NASDAQ:UMPQ) traded up 0.318% on Wednesday, hitting $20.525. The company’s stock had a trading volume of 137,955 shares. Umpqua Holdings Corporation has a 12 month low of $14.78 and a 12 month high of $20.98. The firm has a 50 day moving average of $19.62 and a 200-day moving average of $18.37. The stock has a market cap of $4.52 billion, a PE ratio of 19.363 and a beta of 1.14.
Umpqua Holdings Corporation (NASDAQ:UMPQ) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. Umpqua Holdings Corporation had a net margin of 19.04% and a return on equity of 5.79%. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts expect that Umpqua Holdings Corporation will post $1.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. Umpqua Holdings Corporation’s payout ratio is currently 67.93%.
In related news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $20.60, for a total transaction of $758,677.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in UMPQ. Ffcm LLC grew its holdings in shares of Umpqua Holdings Corporation by 150.1% during the 2nd quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after acquiring an additional 3,657 shares during the period. Huntington National Bank grew its holdings in shares of Umpqua Holdings Corporation by 30.6% during the 2nd quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after acquiring an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Umpqua Holdings Corporation by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock worth $144,000 after acquiring an additional 632 shares during the period. HighTower Advisors LLC purchased a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $203,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Umpqua Holdings Corporation during the 2nd quarter worth approximately $206,000. Institutional investors own 87.80% of the company’s stock.
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Umpqua Holdings Corporation Company Profile
Umpqua Holdings Corporation is a bank holding company. The Company’s principal operating subsidiaries include Umpqua Bank (the Bank) and Umpqua Investments, Inc (Umpqua Investments). It operates through two segments: Community Banking and Home Lending. The Community Banking segment’s principal business focus is the offering of loan and deposit products to business and retail customers in its primary market areas.
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