Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $22.00.
UMPQ has been the subject of a number of research analyst reports. Wedbush raised Umpqua from a “neutral” rating to an “outperform” rating and set a $25.00 price target for the company in a report on Thursday, January 4th. Wells Fargo & Co lifted their price target on Umpqua from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price target on shares of Umpqua in a report on Monday, October 16th. ValuEngine raised Umpqua from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $23.00 price objective on shares of Umpqua in a report on Monday, November 6th.
Umpqua (NASDAQ UMPQ) traded up $0.24 during trading on Friday, hitting $20.76. The company had a trading volume of 430,511 shares, compared to its average volume of 1,596,141. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.97. Umpqua has a fifty-two week low of $16.65 and a fifty-two week high of $22.89. The company has a market capitalization of $4,686.97, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10.
The company also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, December 28th. Umpqua’s dividend payout ratio is currently 63.72%.
In other Umpqua news, CFO Ron L. Farnsworth sold 5,795 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $21.45, for a total transaction of $124,302.75. Following the completion of the sale, the chief financial officer now directly owns 188,809 shares of the company’s stock, valued at approximately $4,049,953.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zions Bancorporation acquired a new position in shares of Umpqua during the 3rd quarter worth about $121,000. Advisory Services Network LLC grew its position in shares of Umpqua by 654.2% during the 4th quarter. Advisory Services Network LLC now owns 8,643 shares of the bank’s stock worth $180,000 after buying an additional 7,497 shares during the period. Calton & Associates Inc. acquired a new position in shares of Umpqua during the 4th quarter worth about $195,000. HighTower Advisors LLC acquired a new position in shares of Umpqua during the 2nd quarter worth about $203,000. Finally, Merriman Wealth Management LLC acquired a new position in shares of Umpqua during the 3rd quarter worth about $220,000. Institutional investors own 88.19% of the company’s stock.
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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