Umpqua (UMPQ) Stock Rating Lowered by BidaskClub

Umpqua (NASDAQ:UMPQ) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Wedbush upgraded shares of Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Thursday, January 4th. ValuEngine upgraded shares of Umpqua from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and set a $24.00 target price on shares of Umpqua in a research report on Wednesday, November 29th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Umpqua in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.39.

Shares of Umpqua (UMPQ) traded up $0.33 during trading hours on Friday, reaching $22.37. 1,098,200 shares of the company were exchanged, compared to its average volume of 1,197,219. The company has a market capitalization of $4,926.59, a PE ratio of 21.51, a PEG ratio of 1.94 and a beta of 1.14. Umpqua has a 12-month low of $16.65 and a 12-month high of $22.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 0.96.

Umpqua (NASDAQ:UMPQ) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $295.87 million during the quarter, compared to the consensus estimate of $297.51 million. Umpqua had a return on equity of 5.79% and a net margin of 19.04%. During the same quarter in the prior year, the company posted $0.28 earnings per share. equities analysts anticipate that Umpqua will post 1.04 earnings per share for the current year.

In other Umpqua news, insider Raymond P. Davis sold 36,829 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total transaction of $758,677.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. acquired a new position in Umpqua during the 4th quarter worth $3,829,000. Fox Run Management L.L.C. acquired a new position in Umpqua during the 4th quarter worth $256,000. Schwab Charles Investment Management Inc. raised its position in shares of Umpqua by 5.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,743,227 shares of the bank’s stock valued at $36,260,000 after buying an additional 85,687 shares during the last quarter. Bank of Montreal Can raised its position in shares of Umpqua by 9.0% during the fourth quarter. Bank of Montreal Can now owns 227,368 shares of the bank’s stock valued at $4,730,000 after buying an additional 18,777 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Umpqua by 18.2% during the third quarter. Public Employees Retirement System of Ohio now owns 147,716 shares of the bank’s stock valued at $2,882,000 after buying an additional 22,715 shares during the last quarter. 88.15% of the stock is owned by hedge funds and other institutional investors.

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Umpqua 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.

Analyst Recommendations for Umpqua (NASDAQ:UMPQ)

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