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.
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.
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