Umpqua Holdings Corporation (UMPQ) Stock Rating Upgraded by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) from a market perform rating to an outperform rating in a research note published on Wednesday morning, MarketBeat reports.

Several other equities research analysts have also commented on UMPQ. SunTrust Banks, Inc. reiterated a buy rating and set a $23.00 price target on shares of Umpqua Holdings Corporation in a research note on Monday, November 6th. BidaskClub lowered shares of Umpqua Holdings Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Umpqua Holdings Corporation from a buy rating to a hold rating in a research note on Wednesday, July 26th. Barclays PLC lifted their price target on shares of Umpqua Holdings Corporation from $19.00 to $20.00 and gave the stock an equal weight rating in a research note on Friday, October 20th. Finally, ValuEngine upgraded shares of Umpqua Holdings Corporation from a hold rating to a buy rating in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Umpqua Holdings Corporation has a consensus rating of Hold and a consensus price target of $20.06.

Umpqua Holdings Corporation (NASDAQ UMPQ) traded up $0.07 during trading on Wednesday, hitting $20.08. 1,117,400 shares of the stock traded hands, compared to its average volume of 1,527,742. The stock has a market cap of $4,422.26, a PE ratio of 19.31, a P/E/G ratio of 2.27 and a beta of 1.12. Umpqua Holdings Corporation has a 1-year low of $16.51 and a 1-year high of $20.98. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.31.

Umpqua Holdings Corporation (NASDAQ:UMPQ) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Umpqua Holdings Corporation had a return on equity of 5.79% and a net margin of 19.04%. The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $297.51 million. During the same period last year, the firm posted $0.28 earnings per share. sell-side analysts expect that Umpqua Holdings Corporation will post 1.04 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a $0.18 dividend. The ex-dividend date was Thursday, September 28th. This is a positive change from Umpqua Holdings Corporation’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 3.59%. Umpqua Holdings Corporation’s payout ratio is currently 67.93%.

In other Umpqua Holdings Corporation news, insider Raymond P. Davis sold 36,829 shares of Umpqua Holdings Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $20.60, for a total value of $758,677.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ffcm LLC increased its stake in Umpqua Holdings Corporation by 150.1% in the second quarter. Ffcm LLC now owns 6,093 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,657 shares during the period. Huntington National Bank increased its stake in Umpqua Holdings Corporation by 30.6% in the second quarter. Huntington National Bank now owns 7,185 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Umpqua Holdings Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,838 shares of the bank’s stock valued at $144,000 after purchasing an additional 632 shares during the period. HighTower Advisors LLC acquired a new position in Umpqua Holdings Corporation in the second quarter valued at $203,000. Finally, Raymond James Trust N.A. acquired a new position in Umpqua Holdings Corporation in the second quarter valued at $206,000. Institutional investors own 87.82% of the company’s stock.

Umpqua Holdings Corporation 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 Holdings Corporation (NASDAQ:UMPQ)

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