Umpqua (NASDAQ:UMPQ) Reaches New 12-Month High at $19.30


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Umpqua Holdings Co. (NASDAQ:UMPQ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.30 and last traded at $19.28, with a volume of 1389347 shares traded. The stock had previously closed at $19.04.

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of Umpqua from a “c” rating to a “b-” rating in a research report on Wednesday, April 21st. Zacks Investment Research downgraded shares of Umpqua from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Umpqua presently has a consensus rating of “Hold” and an average target price of $14.36.

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 1.00. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 18.19 and a beta of 1.21. The business’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $15.99.

Umpqua (NASDAQ:UMPQ) last released its earnings results on Tuesday, April 20th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. Umpqua had a net margin of 16.53% and a return on equity of 7.80%. The company had revenue of $330.23 million for the quarter, compared to the consensus estimate of $329.01 million. During the same period in the prior year, the company posted ($0.13) EPS. The company’s revenue was up 27.4% compared to the same quarter last year. On average, analysts forecast that Umpqua Holdings Co. will post 1.35 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Umpqua by 2.1% in the 4th quarter. BlackRock Inc. now owns 18,677,008 shares of the bank’s stock valued at $282,769,000 after acquiring an additional 377,002 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Umpqua by 1.8% in the 4th quarter. Cooke & Bieler LP now owns 3,593,736 shares of the bank’s stock valued at $54,409,000 after acquiring an additional 65,261 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Umpqua by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,589,835 shares of the bank’s stock valued at $54,351,000 after acquiring an additional 112,694 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Umpqua by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,096,665 shares of the bank’s stock valued at $46,883,000 after acquiring an additional 52,703 shares during the last quarter. Finally, HoldCo Asset Management L.P. bought a new stake in shares of Umpqua in the 4th quarter valued at about $46,503,000. 85.28% of the stock is owned by institutional investors.

About Umpqua (NASDAQ:UMPQ)

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.

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