Umpqua Holdings Co. (NASDAQ:UMPQ) Receives Average Rating of “Hold” from Analysts

Shares of Umpqua Holdings Co. (NASDAQ:UMPQGet Rating) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.63.

A number of research firms have issued reports on UMPQ. Wells Fargo & Company cut Umpqua from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $24.00 to $20.00 in a report on Tuesday, January 4th. StockNews.com began coverage on Umpqua in a report on Thursday, March 31st. They set a “hold” rating for the company. Keefe, Bruyette & Woods began coverage on Umpqua in a report on Friday, February 11th. They set a “market perform” rating for the company. Finally, Zacks Investment Research cut Umpqua from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 31st.

UMPQ opened at $18.04 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. Umpqua has a 12 month low of $17.04 and a 12 month high of $22.06. The company has a fifty day simple moving average of $20.05 and a 200 day simple moving average of $20.13. The stock has a market cap of $3.91 billion, a P/E ratio of 9.40 and a beta of 1.00.

Umpqua (NASDAQ:UMPQGet Rating) last released its quarterly earnings data on Wednesday, January 19th. The bank reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The firm had revenue of $316.12 million during the quarter, compared to the consensus estimate of $307.57 million. Umpqua had a net margin of 31.88% and a return on equity of 15.40%. Umpqua’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, equities research analysts expect that Umpqua will post 1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Tuesday, February 15th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 14th. This represents a $0.84 annualized dividend and a yield of 4.66%. Umpqua’s payout ratio is presently 43.75%.

In other Umpqua news, CFO Ron L. Farnsworth sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $20.49, for a total value of $143,430.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Cort L. O’haver sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $20.21, for a total value of $101,050.00. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its position in Umpqua by 66.1% during the third quarter. Allworth Financial LP now owns 2,030 shares of the bank’s stock worth $41,000 after buying an additional 808 shares in the last quarter. Covestor Ltd acquired a new stake in Umpqua during the fourth quarter worth approximately $50,000. Cascade Investment Advisors Inc. acquired a new stake in Umpqua during the first quarter worth approximately $57,000. Signaturefd LLC grew its position in Umpqua by 109.6% during the third quarter. Signaturefd LLC now owns 3,628 shares of the bank’s stock worth $73,000 after buying an additional 1,897 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Umpqua by 42.9% during the third quarter. Parallel Advisors LLC now owns 3,856 shares of the bank’s stock worth $78,000 after buying an additional 1,157 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Umpqua Company Profile (Get Rating)

Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking services. It operates in two segments: Core Banking and Mortgage Banking. 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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