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.
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