Umpqua Holdings Corporation (NASDAQ:UMPQ) was the target of a significant decline in short interest in January. As of January 12th, there was short interest totalling 5,587,129 shares, a decline of 14.3% from the December 29th total of 6,521,538 shares. Based on an average trading volume of 1,615,693 shares, the short-interest ratio is presently 3.5 days. Currently, 2.6% of the company’s stock are short sold.
Umpqua (UMPQ) opened at $21.58 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market cap of $4,730.00, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.82 and a beta of 1.14. Umpqua has a 12 month low of $16.65 and a 12 month high of $22.89.
Umpqua (NASDAQ:UMPQ) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $292.60 million during the quarter, compared to the consensus estimate of $293.80 million. Umpqua had a net margin of 20.30% and a return on equity of 5.92%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. analysts expect that Umpqua will post 1.4 EPS for the current year.
Several research firms have commented on UMPQ. BidaskClub downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday. Zacks Investment Research upgraded shares of Umpqua from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Barclays boosted their price target on shares of Umpqua from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $24.00 price target on shares of Umpqua in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.55.
Several hedge funds have recently modified their holdings of UMPQ. HighTower Advisors LLC acquired a new position in Umpqua in the second quarter valued at $203,000. California Public Employees Retirement System boosted its stake in Umpqua by 7.3% in the third quarter. California Public Employees Retirement System now owns 627,728 shares of the bank’s stock valued at $12,247,000 after acquiring an additional 42,945 shares in the last quarter. FMR LLC boosted its stake in Umpqua by 23.8% in the second quarter. FMR LLC now owns 684,900 shares of the bank’s stock valued at $12,575,000 after acquiring an additional 131,600 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Umpqua by 5.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,657,540 shares of the bank’s stock valued at $32,339,000 after acquiring an additional 91,242 shares in the last quarter. Finally, Capital World Investors boosted its stake in Umpqua by 6.6% in the second quarter. Capital World Investors now owns 15,273,300 shares of the bank’s stock valued at $280,418,000 after acquiring an additional 944,594 shares in the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.
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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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