Umpqua Holdings Corporation (UMPQ) Receives Average Rating of “Buy” from Analysts

Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, 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.

Umpqua (NASDAQ:UMPQ) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $293.80 million. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. equities analysts predict that Umpqua will post 1.38 EPS for the current fiscal year.

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.

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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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