BidaskClub Upgrades Umpqua (UMPQ) to “Buy”

Umpqua (NASDAQ:UMPQ) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

UMPQ has been the subject of several other reports. Keefe, Bruyette & Woods raised Umpqua from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. dropped their price objective on Umpqua from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Zacks Investment Research raised Umpqua from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Friday, January 12th. Barclays increased their target price on Umpqua from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $24.00 target price on shares of Umpqua in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.80.

Umpqua (NASDAQ UMPQ) opened at $21.20 on Wednesday. Umpqua has a one year low of $16.65 and a one year high of $22.89. The firm has a market capitalization of $4,670.00, a P/E ratio of 18.93, a P/E/G ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.29.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. Umpqua had a return on equity of 5.92% and a net margin of 20.30%. The firm had revenue of $292.60 million during the quarter, compared to the consensus estimate of $293.80 million. During the same period last year, the business posted $0.27 EPS. Umpqua’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts predict that Umpqua will post 1.38 earnings per share for the current fiscal year.

In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the sale, the chief financial officer now owns 188,809 shares in the company, valued at approximately $4,049,953.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Ffcm LLC boosted its holdings in shares of Umpqua by 150.1% during the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock worth $114,000 after purchasing an additional 3,657 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Umpqua during the third quarter worth $121,000. Tyers Asset Management LLC boosted its holdings in shares of Umpqua by 27.2% during the first quarter. Tyers Asset Management LLC now owns 6,656 shares of the bank’s stock worth $118,000 after purchasing an additional 1,424 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Umpqua by 30.6% during the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock worth $132,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Elkfork Partners LLC acquired a new stake in shares of Umpqua during the fourth quarter worth $135,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.

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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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