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.
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.
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.
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